Estate Tax Calculator
Calculate federal estate tax liability and plan your estate effectively.
Estate Information
Total value of all assets
Debts, expenses, charitable gifts
2024 Federal Exemption
$13,610,000
Tax Results
Federal Estate Tax
$356,000
Tax on taxable estate
Net Estate Value
$14,644,000
After federal tax
Breakdown
Gross Estate:$15,000,000
Deductions:$500,000
Taxable Estate:$890,000
Effective Rate:2.37%
What is Estate Tax Calculator?
What is Estate Tax?
The federal estate tax is a tax on the transfer of property at death. Only estates valued above the federal exemption amount are subject to tax. For 2024, the exemption is $13.61 million per individual.
How Estate Tax is Calculated
- Start with gross estate value (all assets)
- Subtract allowable deductions (debts, expenses, charitable gifts)
- Apply federal exemption ($13.61M in 2024)
- Tax remaining amount at 40% federal rate
Estate Planning Strategies
- Lifetime Gifting: Reduce estate value through annual gift exclusions
- Trusts: Use irrevocable trusts to remove assets from estate
- Charitable Donations: Reduce taxable estate with charitable bequests
- Life Insurance: Provide liquidity to pay estate taxes
FAQ - Estate Tax Calculator
The federal estate tax exemption for 2024 is $13.61 million per individual ($27.22 million for married couples). Estates valued below this amount owe no federal estate tax.