Making sense of illness, death and taxes through the eyes of Attorney and Author, Melinda Gustafson Gervasi
Monday, April 2, 2012
States With an Inheritance Tax
It is April and taxes are on people's minds. From an estate perspective, there is always the federal estate tax. Applied when someone dies with an estate over a certain amount, currently $5 million. There is also a state estate tax.....if you live in one of 22 states. Do you live in one? Check out this map on Forbes' web site. Wisconsin does not currently have a state estate tax. But stay tuned, changes may be coming in 2013.