Do you pay tax on money left to you by your mother?

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1116684

2026-08-16 20:45

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In the United States, money inherited from your mother is generally not subject to income tax. However, it may be subject to estate taxes if the total value of her estate exceeds certain thresholds. Additionally, any income generated from the inherited money, such as interest or dividends, would be taxable. It's always a good idea to consult a tax professional for personalized advice.

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