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Death and taxes sure things in Pennsylvania, especially an inheritance tax most states have phased o PITTSBURGH (KDKA) — If you've ever inherited anything in Pennsylvania, you know that the ...
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 ...
However, it is important to note that if the inheritance tax is paid early, within three months of the decedent’s death, the Pennsylvania Department of Revenue does grant a 5% discount on the ...
In Pennsylvania, the inheritance tax rate depends on the heir’s relation to the beneficiary. A spouse does not need to pay the tax, while the rate is 4.5 percent for children, 12 percent for ...
Pennsylvania, unlike many other states, has an inheritance tax, not an estate tax. Estate tax schedules often begin for estates over a given amount — probably over $1 million or more.
PENNSYLVANIA (WTAJ) — A Pennsylvania Representative announced the reintroduction of legislation that looks to eliminate the Pennsylvania Inheritance Tax. Currently, the Pennsylvania tax is ...
Pennsylvania does not tax proceeds of life insurance. Additionally, there are exemptions from inheritance for specific situations and assets.