Does the estate have to pay estate or inheritance taxes in Tennessee?

Transcript:

00:00:00

Tennessee does not impose an estate or inheritance tax for any individuals that died on or after January 1st, 2016. This was enacted by legislation in 2012, where the Tennessee legislature effectively abolished the inheritance tax in Tennessee. However, Tennessee individuals still need to be aware of the federal estate tax exemption because there still is federal estate tax. In 2026, the federal estate tax exemption for estates is 15 million.

This transcript was auto-populated.