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Estate Tax Calculator

Estimate federal and state estate taxes on your estate

Net Estate (After Taxes)
$1,600,000

Amount heirs receive

Total Taxes
$0

Effective rate: 0.00%

Taxable Estate
$1,600,000

After deductions

Estate Details
Tax Breakdown
Gross Estate$2,000,000
Total Deductions-$400,000
Taxable Estate$1,600,000
Federal Exemption$13,610,000
Federal Tax (40%)$0
Total Estate Tax$0
Net Estate (Heirs Receive)$1,600,000
Tax Composition
Estate Flow
Estate Tax Planning Tips

Reduce Your Taxable Estate

  • Leave assets to your spouse (unlimited marital deduction)
  • Make charitable donations
  • Set up trusts (irrevocable life insurance trusts, charitable trusts)
  • Give annual gifts up to the annual exclusion amount

2024 Federal Estate Tax Exemption

The 2024 federal exemption is $13,610,000 per person. This exemption is scheduled to drop to approximately $7,000,000 in 2026.

State Estate Taxes

Several states impose their own estate taxes in addition to federal taxes. Check if your state has an estate tax that applies to your situation.