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 Washington, there is no inheritance tax imposed on individuals who inherit property. However, Washington does have an estate tax, which is a tax on the overall value of the deceased person's estate before the assets are distributed to the heirs. The estate tax in Washington applies to estates with a value above a certain threshold, which is adjusted periodically for inflation. As of the knowledge cutoff in 2023, the threshold is $2.193 million. It's important to differentiate between an inheritance tax and an estate tax; the former is paid by the beneficiary, and the latter is paid by the estate of the deceased. Since there is no federal inheritance tax, residents of Washington will not have to pay any inheritance tax at either the state or federal level.