The Inheritance Tax
Changes Made To This Tax In Nebraska, But Should It Even Be Around?
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On Jan. 1, the inheritance tax that Nebraskans pay was reduced from the highest category of 18% to 15% – but the actual final percentage one pays depends on the relationship to the deceased.
The closer the relative, the lower the rate. And 15% is the cap.
The Unicameral also increased the exemption amount from $10,000 to $25,000. Additional changes include anyone under 22 years old will not pay Nebraska’s inheritance tax at all.
Nebraska is one of only five states that still have a state inheritance tax. According to CEO Jim Vokal of the Platte Institute, “Forty-five other states do...
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