What are Winconsin's inheritance and estate taxes?


Quick Answer

As of 2015, there is no inheritance tax on the property of decedents that lived in the state of Wisconsin. There are no estate taxes imposed either, though a federal estate tax is imposed on estates valued at $5,430,000 and higher in all states, according to about.com money experts.

Continue Reading

Full Answer

Only six states currently collect inheritance taxes -Iowa, Kentucky, Maryland, Nebraska, New Jersey and Pennsylvania. Property passing to a surviving spouse, however, is exempt from taxation in each of these states.

As of 2015, estate taxes are collected at the federal level -regardless of the value of the estate- in Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Massachusetts, Minnesota, New Jersey, New York, Oregon, Rhode Island, Tennessee, Vermont, Washington and the District of Columbia.

Learn more about Taxes

Related Questions