Death Taxes in 2005 — Indiana Update

The highest rate (10%) and exemption ($100,000) posted yesterday for Indiana are only for lineal descendants and ancestors.  Siblings, descendants of siblings, and spouses of children receive a $500 exemption and the highest rate is 15%.  All others receive a $100 exemption and the highest rate is 20%.

Special thanks to R. J. Schoettle for bringing this to my attention.