Legal Question in Tax Law in Pennsylvania
is a small inheritance about 20K taxable?
is a small inheritance about 20K taxable?
Asked on 7/22/08, 1:17 pm
1 Answer from Attorneys
Solomon Weinstein
Solomon Weinstein, Esquire
Re: is a small inheritance about 20K taxable?
If the inheritance is in pennsylvania it is subject to inheritance tax. the amount depends on your status in relationship to the person who died. A spouse would pay no tax a child or grandchildren 4.5 % other such as brother sister cousin or unrelated person would pay a higher rate. Yo should contact an attorney for further advice or if an estate was begun the executor or administrator.
Answered on 7/22/08, 6:28 pm
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