An inheritance tax is a tax imposed on a person who inherits property from a deceased person. There is no federal inheritance tax, but some states have an inheritance tax.
In California, there is no state inheritance tax. When a person inherits property from someone who has passed away, they do not have to pay taxes to the state of California simply for inheriting assets. This means that beneficiaries and heirs can receive property from a deceased person's estate without incurring a state tax liability for the inheritance itself. It's important to note, however, that while there is no inheritance tax, there may be other tax implications associated with inheriting property, such as federal estate taxes for very large estates, or capital gains taxes if the inherited property is later sold. California residents should consult with an attorney or tax advisor to understand the full tax implications of an inheritance.
