Estate Tax Calculator
Calculate federal estate tax liability
About this calculator
The Estate Tax Calculator helps you determine your federal estate tax liability based on your total estate value. This tool calculates taxes owed on estates exceeding the federal exemption threshold, which is $13.61 million for 2024. Estate planning professionals, heirs, and estate executors use this calculator to estimate tax obligations and plan accordingly. Understanding potential estate taxes is crucial for making informed decisions about wealth transfer, charitable giving, and other estate planning strategies to minimize tax burden on beneficiaries.
How to use
Enter your total estate value including all assets such as real estate, investments, business interests, and personal property. The calculator will automatically apply the current federal estate tax exemption and calculate taxes owed on the taxable portion. Results show your estate tax liability based on current federal rates and exemptions.
Frequently asked questions
What is the federal estate tax exemption for 2024?
The federal estate tax exemption is $13.61 million per person for 2024, meaning estates below this value owe no federal estate tax.
What assets are included in my taxable estate?
Your taxable estate includes real estate, investments, bank accounts, business interests, life insurance proceeds, retirement accounts, and personal property you own at death.
Can married couples combine their estate tax exemptions?
Yes, married couples can combine exemptions through portability elections, potentially shielding up to $27.22 million from federal estate taxes in 2024.