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State Inheritance Tax Calculator

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نصيحة احترافية

If you live in an inheritance tax state and want to leave assets to non-exempt beneficiaries (siblings, friends, or distant relatives), consider using life insurance as the transfer vehicle. Life insurance proceeds payable to a named beneficiary are generally exempt from state inheritance tax, allowing you to transfer wealth to these individuals without the 10-18% tax hit. A $100,000 life insurance policy payable to a sibling in Pennsylvania avoids $12,000 in inheritance tax that a direct bequest would incur.

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Pennsylvania's inheritance tax is one of the oldest continuously operating taxes in American history, first enacted in 1826. The original tax applied only to estates of decedents who died without a will (intestate estates) and was designed to compensate the state for the cost of administering estates through the orphans' court system. Over the years, it expanded to cover all inheritances regardless of whether the decedent had a will. Today, Pennsylvania's inheritance tax generates over $1 billion annually in state revenue, making it one of the state's most significant tax sources.

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