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Living inheritance / estate transfer tax in Louisiana - Question
Posted on 4/4/23 at 2:04 pm
Posted on 4/4/23 at 2:04 pm
Does Louisiana have a living inheritance ./ estate transfer tax? If so, what is the % and if there is a %, at what amount does it kick in?
The scenario would be buying a childs share of the estate.
The scenario would be buying a childs share of the estate.
2
Posted on 4/4/23 at 2:17 pm to VermilionTiger
Louisiana does not have an inheritance tax. Federal government does, 40% at 12.92 million. The estate is generally burdened with the tax not the heirs.
Posted on 4/4/23 at 5:16 pm to VermilionTiger
No inheritance tax.
The State of Louisiana phased out the inheritance tax years ago.
The only tax that comes in to play is the Federal Estate Tax which has an astronomical exemption before it kicks in.
No offense, but the fact that you are asking us this question indicates to me that you probably fall below that exemption.
No taxes owed.
The State of Louisiana phased out the inheritance tax years ago.
The only tax that comes in to play is the Federal Estate Tax which has an astronomical exemption before it kicks in.
No offense, but the fact that you are asking us this question indicates to me that you probably fall below that exemption.
No taxes owed.
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