Estate Tax Calculator | Accurate Inheritance Tax Estimation

Estate Tax Calculator | Accurate Inheritance Tax Estimation

Estate Tax Calculator | Accurate Inheritance Tax Estimation

Estate Tax Calculator

Calculate your estate tax liability with our accurate and easy-to-use calculator. Plan ahead for your financial future.

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Enter Estate Details

Calculation Results

Gross Estate Value: $0
Total Deductions: $0
Taxable Estate: $0
Federal Tax Due: $0
State Tax Due: $0
$0

Frequently Asked Questions

What is the federal estate tax exemption?

For 2023, the federal estate tax exemption is $12.92 million per individual. This means estates valued under this amount generally won't owe federal estate tax.

How does this calculator determine estate tax?

The calculator applies the federal estate tax rate of 40% to the portion of your taxable estate that exceeds the exemption amount. State taxes are calculated based on the state you select.

What deductions can I include?

Common deductions include mortgages and debts, estate administration expenses, property passing to a surviving spouse, and charitable donations.

Are lifetime gifts included in estate tax calculation?

Yes, taxable gifts made during your lifetime that exceed the annual exclusion amount are added back to your estate for tax calculation purposes.