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News
The Indiana Inheritance Tax Law was repealed, effective January 1, 2013. Simply put, the state of Indiana cannot charge any death tax on an
inheritance for a person who died after 12/31/12. Remember, however, that the Federal Estate Tax still applies for persons whose taxable estate is greater than the Federal equivalent exemption
amount of $11,580,000.00. This exemption amount is scheduled to be increased each year. The law which creates the Federal Estate Tax equivalent
exemption will "sunset" in 2026. Unless Congress creates new legislation prior to that "sunset", the equivalent exemption will be $5,490,000.00 beginning in 2026.
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