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The rates for Pennsylvania inheritance tax are as follows: 0 percent on transfers to a surviving spouse or to a parent from a child aged 21 or younger; 4.5 percent on transfers to direct descendants and lineal heirs;
Inheritance Tax Forms. REV-229 -- PA Estate Tax General Information. REV-346 -- Estate Information Sheet. REV-485 -- Safe Deposit Box Inventory. REV-487 -- Entry Into Safe Deposit Box to Remove a Will or Cemetery Deed.
Dec 21, 2023 · Pennsylvania is one of six U.S. states that still impose an inheritance tax, though the rest of Pennsylvania inheritance laws are fairly standard. There are also tight restrictions around what constitutes a valid will in the state, so be sure you know exactly what you’re doing.
Features available to Inheritance Tax users include: Submitting non-logged in payments on outstanding liabilities for non-PA resident taxpayers. Checking the receipt of your Inheritance Tax return.
The Pennsylvania Inheritance Tax is a transfer tax on the transfer of assets from the deceased Pennsylvanian (or someone with Pennsylvania real estate) to the new owner. It does not matter if the transfer is through a Will, by beneficiary designation, through a revocable living trust or payable on death account.
Inheritance Tax payments need to be directed to the Pennsylvania Department of Revenue. These payments are due upon the date of death and become delinquent after nine months. If inheritance tax is paid within three months of the decedent's death, a 5 percent discount is allowed.
Pennsylvania is one of a handful of states that collects an inheritance tax. If you're a Pennsylvania resident, or if you own real estate or tangible property located in Pennsylvania, the people who inherit your property might have to pay a tax on the amount that they inherit.
