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Estate tax is collected by the federal government, while inheritance tax is state imposed.
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If you're getting a refund, the clock starts ticking after you file your taxes.
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You often hear the terms estate tax and inheritance tax used interchangeably, but the two taxes are not the same. And if you're reading this article, you're probably curious to know what exactly you're paying for. If you're thinking about moving to a new state, you probably want to check out a few details first: Some are better than others. What the housing market's like, how many jobs are available and, of course, how much you'll pay in property taxes.
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You often hear the terms estate tax and inheritance tax used interchangeably, but the two taxes are not the same.
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