![]() ![]() For decedents dying after 01/31/95 the family exemption is $3,500. The family exemption is allowable only against assets which pass by a will or by the Pennsylvania Intestate Laws. Funeral and burial expenses including the cost of a burial lot, tombstone or grave marker and other related burial expenses.In addition to debts incurred by the decedent or estate.Unsatisfied liabilities incurred by the decedent prior to his/her death.These items are deductible against the decedent’s taxable estate: Made by decedents dying after June 30, 2000, regardless of the date of the transfer.ĭeductions and Family Exemption Deductions This applies to estates of decedents dying after June 30, 2000, and to inter vivos transfers Child to Parent TransfersĪ transfer from a child twenty-one (21) years of age or younger to a natural parent, adoptive parent, or step-parent will be taxed at the zero rate. This election must be made on a timely filed inheritance tax return. May be bypassed, however, if the executor of the estate elects to include the trust in the first decedent's estate. ![]() This exclusion of the asset in the first decedent's estate Transfers in trust for the sole use of the surviving spouse are not taxable in the current decedent's estate but are includable in the surviving spouse's estate when they die. Transfers to Spouse, For dates of death on or after January 1, 1995 Property that was transferred with the decedent retaining a life interest in the same is also taxable.Īlso included as transfers are accounts registered in the name of the decedent in trust for another person, but the $3,000 exclusion is not applicable. That the transfer exceeds $3,000.00 per transferee during any calendar year. If the decedent died after December 12, 1982, a transfer made within one (1) year of the date of death, if made without valuable and adequate consideration in money or monies worth at the time of the transfer, are taxable to the extent All checks should be made payable to "Department of Revenue."įind out about the effect of property transfers on inheritance tax, as well as allowable deductions. Inheritance Taxes are payable to the Inheritance Tax Department of the county in which the decedent resided. Interest is charged on the amount of tax unpaid after 9 months from the date of death. The Inheritance Tax Return and tax liability is due within 9 months after the decedent's death. The return must be filed in duplicate with the Inheritance Tax Department of the county in which the decedent resided. Other forms and information may be applicable. The filing fee for the original return is $10.00. This extension will not relieve the estate of the interest which will accrue on any tax liability unpaid 9 months after the decedent's death. Requests for an extension (not to exceed 6 months) for filing must be submitted within the 9 month filing period to: Room 216 of the City-County Building, 414 Grant St.Available at the Department of Court Records, Inheritance Tax Department. ![]()
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