Indiana Inheritance Tax Repealed

The Indiana General Assembly passed legislation repealing inheritance tax for Hoosiers who die after December 31, 2012.  The bill was signed into law on May 8, 2013, and lessens the load on families after their loved ones have passed away.

Taxpayers are no longer required to file any state inheritance tax forms (Form IH-6), and no state inheritance tax will be due.  Inheritors are not required to submit consents-to-transfer forms (Form IH-14) for personal property or a notice of intended transfer of a checking account (Form IH-19) for those dying after December 31, 2012.

IMPORTANT:  If you had a family member pass away before January 1, 2013, you may be required to file state inheritance tax forms.  Inheritance taxes can be complex, so we encourage you to consult with an attorney or an accountant familiar with Indiana’s inheritance tax to see what forms, if any, should be filed.

INHERITANCE TAX REFUNDS

If a person feels that he has overpaid inheritance tax to Indiana, that taxpayer should file an inheritance tax refund claim on a Claim for Refund of Inheritance and Estate Taxes (Form IH-5).  This requirement applies to any claim for refund whether the individual died in 2013 or before.

If you have any questions about the Indiana Inheritance Tax, please contact our office.  We’d be glad to help!

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