Congress changed the rules for when beneficiaries must take money from inherited IRAs, 401(k)s, and other retirement accounts ...

Inherited IRAs must be withdrawn within 10 years; taxes are due upon withdrawal. Spouses inheriting IRAs have flexible options, including rollovers and stretching distributions. Non-spouse ...

An inheritance can add to your finances, but taxes may reduce the amount that reaches you. Some states tax beneficiaries directly, while separate estate taxes may apply before assets are distributed.

Whether you have to report an inheritance on your taxes depends on what you inherit and the subsequent handling of that inheritance. While inheritances themselves are often not subject to federal ...