Keyword Analysis & Research: estate tax exemption 2021 ky

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Frequently Asked Questions

Does Kentucky have inheritance tax?

Kentucky, like other states, exempts close family members from inheritance tax. Kentucky, like other states with an inheritance tax, doesn’t tax everyone who inherits; close family members are exempt. Both inheritance tax exemptions and tax rates are based on how closely the inheritor and deceased person were related.

What is the inheritance tax rate for Kentucky?

The Kentucky inheritance tax rates are as follows: Class B beneficiaries are subject to an inheritance tax ranging from 4% to 16%. Class C beneficiaries are subject to an inheritance tax ranging from 6% to 16%.


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