Inheritance Tax 2024 Tennessee

Inheritance Tax 2024 Tennessee. Tax rates the net estate, less the applicable exemption (see the exemption page), is taxed at the following rates: A few states do have inheritance taxes that tax distributions made to heirs, but if the estate is undergoing probate, the responsibility for paying these taxes actually falls to the.

The good news is that tennessee is not one of those six states. There is a federal estate tax to worry about, though.