• Federal Estate Tax: Estate tax is due on estates which exceed the unified credit exemption equivalent after amounts given to the spouse and charity are subtracted. An estate tax return must be filed within 9 months.
• State Estate Taxes: Some states may stack an additional tax onto federally taxed estates, or they may apply an estate tax to those who are exempt from the federal estate tax. Some states also tax the individuals who receive inheritance.
• Income Taxes: State and federal taxes for the deceased are due for the year of death. Taxes are due on the regular filing date for the coming year. The deceased’s spouse may file jointly for the year of death, or up to two years if they care for a dependent child.