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The Griebel Law Office LLC - in Churubusco, Indiana

9309 E. Commerce Dr. Suite 2, Churubusco, IN  46723

|Phone: 260.693.0099 | Fax: 260.693.0099 |

HOURS:  9 am to 5 pm Monday - Friday; other hours by appointment only

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Indiana phasing out inheritance tax

Indiana, which was one of only eight (8) states left (the others are Iowa, Kentucky, Maryland, Nebraska, New Jersey, Pennsylvania and Tennessee ) with such a tax, is now ending its inheritance tax. The plan is to decrease the tax gradually, starting in 2012, and by 2021, end it altogether. It involves increasing from $100,000 to $250,000 the amount not subject to the tax for immediate family, and then it will reduce taxes 10% each year until the tax is gone.

Sat, March 31, 2012 | link          Comments


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