Do You Have to Pay Tax on a Large Inheritance

Do you have to pay taxes on a large inheritance? From cash and a house to retirement accounts and life insurance policies, here is what you need to know about inheritance taxes.

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LINKS: https://finance.yahoo.com/news/pay-taxes-large-cash-inheritance-140023574.html
https://www.irs.gov/faqs/interest-dividends-other-types-of-income/life-insurance-disability-insurance-proceeds#:~:text=Generally%2C%20life%20insurance%20proceeds%20you,for%20more%20information%20about%20interest

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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.