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 South Carolina, there is no state-level inheritance tax. This means that individuals who inherit property, money, or other assets from a deceased person are not required to pay a tax on the value of the inheritance to the state of South Carolina. While there is no federal inheritance tax, there is a federal estate tax; however, it only applies to very large estates. The federal estate tax exemption is quite high, so most estates will not owe any federal estate tax. It's important for individuals dealing with an inheritance to consult with an attorney to understand any potential tax implications, including the need to file an estate tax return for the deceased person's estate if it meets federal estate tax requirements.