Changes to the way inherited IRA accounts are taxed is set to sting millions of Americans from next year, experts have warned. IRAs - also known as Individual Retirement Accounts - are a popular tax-advantaged savings account. Americans held more than $12 trillion in IRAs in the first quarter of 2023. Over the last few years the IRS has made a series of complicated changes to the way these are levied - leaving owners at risk of a hefty tax bill without the right advice.
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