An inheritance tax is a tax imposed on a person who inherits property from a deceased person. There is no federal inheritance tax, but some states have an inheritance tax.
In the state of Alaska, there is no state-level inheritance tax. This means that individuals who inherit property or assets from a deceased person are not required to pay taxes to the state of Alaska simply because they have received an inheritance. It's important to note that while there is no federal inheritance tax, there is a federal estate tax, which is a tax on the transfer of the estate of a deceased person. However, the estate tax applies only to estates exceeding a certain value threshold, which is adjusted annually for inflation. As of the knowledge cutoff in 2023, the federal estate tax exemption is quite high, meaning that most estates will not owe any federal estate tax.