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If the return cannot be filed within nine months from the decedent’s date of death, an extension to file may be requested from the Department of Revenue. Provide the decedent’s name, county file number (if known), date of death, Social Security number and the reason for an exten-sion.
10 mar 2003 · If you are filing a return for a deceased individual, you will need to to select the correct filing status for the taxpayer, see the PA Personal Income Tax Guide . Then you will need to complete the deceased indicator on the PA-40 return and make proper notation for either taxpayer, spouse or both.
Estates and trusts are taxpayers for Pennsylvania personal income tax purposes. They are required to report and pay tax on the income (from PA’s eight taxable classes of income) that they receive during their taxable year. Estates and trusts report income on the PA-41 Fiduciary Income Tax return.
Inheritance tax is a tax on the right of succession or privilege of receiving property at a death, and it is imposed upon the transfer of taxable property. The net value subject to tax is deter-mined by subtracting from the value of the gross estate the amount of ap-proved deductions.
1 wrz 2023 · Pennsylvania Inheritance Tax Return Resident Decedent, Revised 8/2022. The following are the latest instructions for the PA REV-1500. Download as PDF.
The inheritance tax rates in Pennsylvania are as follows: . 0 percent on transfers to a surviving spouse (including transfers to a “sole use” trust for the spouse, as described below) or to a parent from a child aged 21 or younger; . 4.5 percent on transfers to direct descendants and lineal heirs; 12 percent on transfers to siblings; and .
The instructions to Form PA-40 for 2023 (but not the PA-41, for some reason) includes a list of income not taxable, and included in the list is “Inheritances, death benefits, and income in respect of a decedent (IRD) as defined for federal income tax purposes.”
