Home
Forms Library
Inheritance Tax Checklist - Iowa Department of Revenue - Iowa

Inheritance Tax Checklist - Iowa Department of Revenue - Iowa 2025

Inheritance Tax Checklist - Iowa Department of Revenue - Iowa Preview on Page 1

Show details

4.2 out of 5

62 votes

The IA 706 Iowa Inheritance Tax Return document is a form used to report the inheritance tax for estates in Iowa. It requires detailed information about the decedent, including personal details, estate values, deductions, and beneficiary information. The form includes sections for computing shares and taxes on the net estate, as well as options for power of attorney authorization. Additionally, it outlines various elections related to estate valuation and tax payments. The document serves as a comprehensive guide for executors to fulfill their tax obligations following a decedent's death.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to modify Inheritance Tax Checklist - Iowa Department of Revenue - Iowa online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making adjustments to your documentation requires only some simple clicks. Follow these quick steps to modify the PDF Inheritance Tax Checklist - Iowa Department of Revenue - Iowa online for free:

Register and log in to your account. Sign in to the editor with your credentials or click on Create free account to examine the tool’s features.
Add the Inheritance Tax Checklist - Iowa Department of Revenue - Iowa for editing. Click on the New Document button above, then drag and drop the sample to the upload area, import it from the cloud, or using a link.
Modify your file. Make any adjustments required: add text and photos to your Inheritance Tax Checklist - Iowa Department of Revenue - Iowa, highlight details that matter, remove parts of content and substitute them with new ones, and insert icons, checkmarks, and areas for filling out.
Complete redacting the template. Save the updated document on your device, export it to the cloud, print it right from the editor, or share it with all the people involved.

Our editor is very user-friendly and efficient. Try it now!

See more Inheritance Tax Checklist - Iowa Department of Revenue - Iowa versions

We've got more versions of the Inheritance Tax Checklist - Iowa Department of Revenue - Iowa form. Select the right Inheritance Tax Checklist - Iowa Department of Revenue - Iowa version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2023	4.8 Satisfied (24 Votes)
2022	4.9 Satisfied (33 Votes)
2021	4.8 Satisfied (237 Votes)
2020	4.3 Satisfied (178 Votes)
2019	4 Satisfied (59 Votes)
2018	4.3 Satisfied (99 Votes)
2017	4.2 Satisfied (62 Votes)
2014	4.3 Satisfied (104 Votes)
2013	4.3 Satisfied (44 Votes)
2012	4 Satisfied (49 Votes)
2011	4 Satisfied (48 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What assets are subject to Iowa inheritance tax?

If the decedent was domiciled in Iowa, all intangible personal property must also be included (such as real estate contracts, cash, bank accounts, promissory notes, accounts receivable, mortgages, crop rent, cash rent, stock, bonds, employee pensions, profit sharing plans, and IRAs).

What inherited assets are not taxable?

In most cases, an inheritance isnt subject to income taxes. The assets passed on in an investment or bank account arent considered taxable income, nor is life insurance. However, you could pay income taxes on the assets in pre-tax accounts.

How much can you inherit in Iowa without paying taxes?

Exemptions From Iowa Inheritance Tax For deaths before 2025, if the deceased persons net estate (discussed below) is worth $25,000 or less, no inheritance tax is due. (Iowa Code Ann. 450.4.) Additionally, no inheritance tax return is required if the inheritors are exempt from inheritance tax.

How to avoid Iowa inheritance tax on property?

Property passing to parents, grandparents, great-grandparents, and other lineal ascendants is also exempt from inheritance tax. Property passing to children (biological and legally-adopted children), stepchildren, grandchildren, great- grandchildren, and other lineal descendants is exempt from inheritance tax.

What is the inheritance tax clearance in Iowa?

When payment in full has been received by the Iowa Department of Revenue, an inheritance tax clearance will be issued. The tax clearance releases the property from the inheritance tax lien and permits the estate to be closed.

What assets are free from inheritance tax?

Charity exemption Like the spousal exemption, assets passing to charity on death are exempt from inheritance tax. As such, if an entire estate passes to charity, there will be no inheritance tax due.

Do beneficiaries have to pay taxes on inheritance in Iowa?

For deaths on or after January 1, 2025, Iowa no longer imposes an inheritance tax. Update: Iowa has repealed its inheritance tax for deaths occurring on or after January 1, 2025. For deaths in 2021-2024, Iowa imposed an inheritance tax but reduced the tax rate by 20% each year.

Inheritance Tax Checklist - Iowa Department of Revenue - Iowa 2025

Here's how it works

How to modify Inheritance Tax Checklist - Iowa Department of Revenue - Iowa online

See more Inheritance Tax Checklist - Iowa Department of Revenue - Iowa versions

Complete this form in 5 minutes or less

Got questions?

What assets are subject to Iowa inheritance tax?

What inherited assets are not taxable?

How much can you inherit in Iowa without paying taxes?

How to avoid Iowa inheritance tax on property?

What is the inheritance tax clearance in Iowa?

Complete this form in 5 minutes or less

People also ask

What assets are free from inheritance tax?

Do beneficiaries have to pay taxes on inheritance in Iowa?

Related links

Try more PDF tools

Inheritance Tax Checklist - Iowa Department of Revenue - Iowa 2025

Here's how it works

How to modify Inheritance Tax Checklist - Iowa Department of Revenue - Iowa online

See more Inheritance Tax Checklist - Iowa Department of Revenue - Iowa versions

Complete this form in 5 minutes or less

Got questions?

What assets are subject to Iowa inheritance tax?

What inherited assets are not taxable?

How much can you inherit in Iowa without paying taxes?

How to avoid Iowa inheritance tax on property?

What is the inheritance tax clearance in Iowa?

Related Searches

Related forms

Complete this form in 5 minutes or less

People also ask

What assets are free from inheritance tax?

Do beneficiaries have to pay taxes on inheritance in Iowa?

Related links

Try more PDF tools