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What is the inheritance tax on an IRA in pennsylvania and is there state tax on top of that ?

 
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What is the inheritance tax on an IRA in pennsylvania and is there state tax on top of that ?

https://revenue-pa.custhelp.com/app/answers/detail/a_id/988/related/1


Am I required to pay inheritance tax on an IRA I inherited?

 If the decedent was over 59 1/2 years old at the time of death, the IRA will be subject to inheritance tax. The rate of tax is determined by the relationship of the beneficiary to the decedent. The PA Inheritance tax ranges from zero percent for a spouse to 15% for unrelated person.

Inherited IRAs are not subject to PA personal income tax (code 4 in box 7 of 1099R).

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2 Replies

What is the inheritance tax on an IRA in pennsylvania and is there state tax on top of that ?

https://revenue-pa.custhelp.com/app/answers/detail/a_id/988/related/1


Am I required to pay inheritance tax on an IRA I inherited?

 If the decedent was over 59 1/2 years old at the time of death, the IRA will be subject to inheritance tax. The rate of tax is determined by the relationship of the beneficiary to the decedent. The PA Inheritance tax ranges from zero percent for a spouse to 15% for unrelated person.

Inherited IRAs are not subject to PA personal income tax (code 4 in box 7 of 1099R).

What is the inheritance tax on an IRA in pennsylvania and is there state tax on top of that ?

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