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 Kansas, there is no inheritance tax. This means that individuals who inherit property, money, or other assets from a deceased person are not required to pay a state tax on the value of their inheritance. 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 only applies to estates exceeding a certain value threshold, which is adjusted periodically for inflation. As of the knowledge cutoff in 2023, Kansas residents receiving an inheritance are not subject to state inheritance taxes, but should be aware of other potential tax implications, such as federal estate taxes for large estates and income taxes on certain types of inherited assets.