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The inheritance tax is no longer imposed after December 31, 2015.
Tennessee Waiver required if decedent was a legal resident of Tennessee. BUT, no tax waiver or consent is required for property passing to the surviving spouse, tenant by entirety or joint tenant with rights of survivorship.
Though Tennessee has no estate tax, there is a federal estate tax that may apply to you if your estate is of sufficient value. There is a $12.92 million exemption for the federal estate tax in 2023, which is up from the $12.06 million exemption for 2022.
The federal government doesn't have an inheritance tax. As of 2023, six states impose an inheritance tax: Iowa, Kentucky, Maryland, Nebraska, New Jersey, and Pennsylvania. Generally, the value of the inherited assets has to exceed minimum amount before an inheritance tax is due.