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.

Image Credit: - free image

No comments: