Feb 12, 2010 from
Anonymous
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$0.00
i recieved 8400.00 from my mothers estate last year. do i have to pay taxes on this?
I've already tried...
Answers
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http://pittsburgh.about.com/od/taxes/a/pa_taxes.htm
"Pennsylvania collects an inheritance tax ranging from 6% for direct heirs to 15% for all other beneficiaries. Property inherited from a spouse or by a parent from a child 21 or younger is tax-exempt."
http://www.money-zine.com/Financial-Planning/Tax-Shelter/Federal-Inheritance-Tax/
The $8,400 amount should be small enough that no federal tax would apply.
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