what is the difference between an estate tax and an inheritance tax 
the estate of the deceased is responsible for estate taxes while the heirs of the deceased are responsible for inheritance taxes the bottom linethe death tax is a tax on a person s estate after they have passed also known as estate taxes to be triggered the estate must have significant assets more than 12 92 million in 2023 or 13 61 million in 2024 most people will not need to worry about a death tax but for those who do there are some tactics you can use to reduce or avoid the tax 2