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Estate Tax Calculator
Estimate federal and state estate taxes on your estate
Your estate is below the 2024 federal exemption limit of $13,610,000. No federal estate tax is owed.
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.
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