How much tax do I have to pay on inheritance?

In Arizona, most people do not have to pay taxes on inheritance. Inheritance in Arizona is exempt from taxation under the Arizona Tax Code. This means that an individual in Arizona inheriting money, property, or other items of value will not have to pay taxes on that inheritance. The only situation in which an individual living in Arizona may have to pay taxes on inheritance is if the inheritance is part of a federal estate tax. The federal estate tax is a tax that applies to inherited estates worth more than $11.7 million in 2019. When an estate is worth more than this amount, the estate may be subject to the federal estate tax and taxes may be levied on any inheritance received. Inheritance tax in Arizona is relatively straightforward, but it is important to understand the law. If you are inheriting an estate worth more than $11.7 million, you may be subject to the federal estate tax and may need to pay taxes on inheritance. In all other situations, however, inheritance in Arizona is exempt from taxation under the Arizona Tax Code and you do not need to pay taxes on the money, property, or other items that you inherit.

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