Instructions For Form Ih-12 - Indiana Inheritance Tax Page 6
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6Indiana Inheritance Tax Payment
Computation Worksheet
____________________________________________________
_______________
Name of Decedent
Date of Death
________ - ________ - ________
Decedent’s Social Security Number
1. Total Tax from Inheritance Tax Computation Page of Form IH-12
______________
2. Insert applicable credit percentage based on year of death (see chart below)
______________
3. Multiply line 1 by line 2 and enter result
______________
4. Subtract line 3 from line 1 (Net Tax After Credit)
______________
5. If tax is being paid within 9 months of date of death, multiply line 4 by 5%,
if tax is being paid after 9 months from the date of death, enter 0
______________
6. Subtract line 5 from line 4 and enter result – Pay This Amount*
______________
Year of
Inheritance Tax
Individual’s Death
Phase Out Credit
2012
0%
2013
10%
2014
20%
2015
30%
2016
40%
2017
50%
2018
60%
2019
70%
2020
80%
2021
90%
After 12/31/2021
Tax Repealed
* If any payment is being made after 12 months from the date of death, please submit this worksheet to the
Department of Revenue for calculation of interest due.
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