What Is the Typical Rate of an Inheritance Tax in Wisconsin?


Quick Answer

As of 2015, Wisconsin has neither an estate tax nor an inheritance tax at the state level; both taxes were repealed in 2013, the Wisconsin Department of Revenue explains. Only estates worth over $5.4 million are taxed on the federal level, according to Forbes.

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Full Answer

Before 2013, Wisconsin estate taxes depended on federal taxation because taxes paid to the state counted for a tax credit on the federal tax form. With the passage of the 2012 American Taxpayer Relief Act, most federal estate taxes were abolished, which removed the basis for Wisconsin's own system of estate taxation, According to the Wisconsin Department of Revenue.

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