Get K-706EP Estate Tax Booklet (7-00) - Kansas Department Of Revenue

Unlike many states in the U.S., Kansas does not collect any estate or inheritance tax, However, if you inherit property from another state, it may impose an inheritance tax on that property.

Kansas taxpayers can claim a personal exemption of $2,250 for themselves, their spouse, and each of their dependents. ( Sec. 79-32,121(a), K.S.A.) The state allows an additional exemption allowance of $2,250 for taxpayers who have a filing status of head of household, effective for tax years beginning before 2023.

Government Exemptions Property used exclusively for state, municipal or political subdivision purposes, including leased vehicles if leased for a period of at least one year and property leased for medical services and certain property funded by industrial revenue bonds, up to 10 years.

and Personal Exemption. The standard deduction will increase by $900 for single filers and by $1,800 for joint filers (Table 2). The personal exemption for 2023 remains at $0 (eliminating the personal exemption was part of the Tax Cuts and Jobs Act of 2017 (TCJA). Source: Internal Revenue Service.

Does Kansas have an inheritance/estate tax? Unlike many states in the U.S., Kansas does not collect any estate or inheritance tax, However, if you inherit property from another state, it may impose an inheritance tax on that property.

For 2023, this exemption is $12.92 million/per person. Because the exemption is per person, married couples can give away double that amount.

The Estate Tax Return (BIR Form 1801) shall be filed and payment be made with an Authorized Agent Bank (AAB) of the Revenue District Office (RDO) having jurisdiction over the place of residence of the decedent at the time of his/her death.

Kansas has no inheritance tax either. Another state's inheritance laws may apply, however, if you inherit money or assets from someone who lived in another state.