WY risk area
Tax exposure in Wyoming
State estate or inheritance tax rules and how they interact with federal thresholds.
Wyoming's inheritance tax is defined as a pick-up tax tied to the federal state death tax credit, which no longer applies for deaths after December 31, 2004.
Does the state impose an estate or inheritance tax?Who is exempt or receives preferential treatment?How does federal tax interact with state rules?
At a glance
Key takeaways
- Wyoming's inheritance tax is defined as the maximum state death tax credit allowed against federal estate taxes.
- The federal state death tax credit does not apply to estates after December 31, 2004, effectively eliminating Wyoming's inheritance tax program.
- With no state death tax, tax exposure is primarily federal when the estate exceeds the federal exemption.
Questions to consider
Questions this risk area helps you evaluate in Wyoming
- Does the state impose an estate or inheritance tax?
- Who is exempt or receives preferential treatment?
- How does federal tax interact with state rules?
State overview
Wyoming's inheritance tax is defined as a pick-up tax tied to the federal state death tax credit, which no longer applies for deaths after December 31, 2004.
- Wyoming's inheritance tax is defined as the maximum state death tax credit allowed against federal estate taxes.
- The federal state death tax credit does not apply to estates after December 31, 2004, effectively eliminating Wyoming's inheritance tax program.
- With no state death tax, tax exposure is primarily federal when the estate exceeds the federal exemption.
Sources
- https://wyoleg.gov/InterimCommittee/2021/03-202105105-1.Revenuedistributions28-1-118LSO.pdf
- https://taxfoundation.org/data/all/state/estate-inheritance-taxes/
Risk sources
- IRS inflation adjustments for tax year 2026
Use for the current federal estate tax basic exclusion amount.
- IRS Instructions for Form 706 (United States Estate Tax Return)
Defines filing requirements and federal estate tax framework.
- Tax Foundation - State estate and inheritance taxes
Current list of states with estate or inheritance taxes.
National sources provide baseline context; state statutes and court rules control in Wyoming.