What is the Indiana inheritance tax?


Quick Answer

The Indiana inheritance tax has been repealed for those individuals dying after Dec. 31st, 2012. Therefore, no current inheritance tax is levied, and no inheritance tax returns need be filed currently. For individuals who died before the repeal date, an inheritance tax return needs to be filed.

Continue Reading

Full Answer

Exemption amounts to the inheritance tax depend upon the relationship of the heir to the deceased individual as well as on the value of the ownership interests transferred. In addition, the 2013 Indiana legislature made changes to the refund process, in that individuals must file a refund claim on a claim for refund form in order to receive the refund of previously paid inheritance tax.

Learn more about Taxes

Related Questions