Iowa Inheritance Tax 2025 2025

Iowa Inheritance Tax 2025 2025. The beneficiary pays the tax as a percentage of the assets inherited. If the net estate of the decedent, found on line 5 of ia 706, is.

Any property left to those individuals will be subject to a tax at a rate of 5% to 15%. 619, a law which will phase out inheritance taxes at a rate of 20 % per year and completely eliminate the tax by january 1.