There are no federal taxes due on your inheritance. Depending on your state, there may be.New York State's estate tax is calculated using the tax table provided on Form ET706. There are multiple versions of Form ET-706. Payments made in the year subsequent to the employee's death are not subject to either withholding taxes or Social Security and Medicare taxes. There are several enrollment options: 1. Enroll customers in lobby, batch and submit ENR enrollments through ACH from the financial institution. If submitting online, you must provide your Social Security number for verification. Use the free New Jersey Online Filing Service to file your 2024 NJ-1040 return. It's simple and easy to follow the instructions, complete your NJ tax return,.