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- A surviving spouse shall be allowed one additional exemption of two thousand dollars ($2,000) for each of the two (2) taxable years which follow the year in which the death of the spouse occurred.

You may be subject to a penalty on tax owed the state. Individuals are permitted a maximum of one exemption for themselves, plus an additional exemption for their spouse and any dependent other than their spouse that they expect to claim on their tax return.

What is the Inheritance Tax in West Virginia? Since West Virginia is not a state that imposes an inheritance tax, the inheritance tax in 2023 is 0% (zero). As a result, you won't owe West Virginia inheritance taxes.

West Virginia standard deduction of a resident individual. (a) General. -- The West Virginia standard deduction of a resident individual, or of husband and wife whose West Virginia taxable income is determined jointly, shall be ten per centum of West Virginia adjusted gross income or $1,000, whichever is less.

Below is a representative, nonexclusive list of property that may be exempt from property tax: The first $20,000 of assessed value of owner-occupied residential property owned by a person age 65 or older or by a person who is permanently and totally disabled is exempt.

Section 110-21-16 - West Virginia Personal Exemptions Of A Resident Individual 16.1. In General. - A resident individual is allowed a West Virginia exemption of two thousand dollars ($2,000) for each exemption for which said individual is entitled to a deduction for the taxable year for federal income tax purposes.