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Estate Tax
Estate tax liability calculator
Federal exemption: $12.92M (2024). Rates 18-40%.
How It Works
Free estate tax calculator to estimate federal and state estate tax liability.
Estate tax is a tax on the transfer of the estate of a deceased person. The federal estate tax applies to estates exceeding a certain exemption amount ($12.92 million in 2024, indexed for inflation). Only a very small percentage of estates exceed this threshold and are subject to the tax.
The estate tax is imposed on the total value of the deceased person's assets, including cash, real estate, stocks, and other property, minus certain deductions (such as debts, funeral expenses, and charitable contributions). The tax rate is progressive, with a top rate of 40%.
In addition to the federal estate tax, some states impose their own estate or inheritance taxes with lower exemption thresholds. Proper estate planning, including the use of trusts and lifetime gifts, can help minimize estate tax liability.
Results
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Quick Tips
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