Iowa Inheritance Tax 2025 Changes

Iowa Inheritance Tax 2025 Changes. If you were luck to live until january 1, 2025, and you were worried about your beneficiaries having to pay iowa inheritance tax when your estate is passed on to them, your worries are now over. However, it is the duty of the personal representative to see that the tax is collected and paid.

An inheritance tax is a tax on a beneficiary’s receipt of assets from a deceased person. Reynolds pledged to propose additional income tax cuts in 2022.