Estate Tax Calculator
Estimate federal estate taxes based on current exemption amounts and tax rates. This calculator helps you determine the taxable estate after deductions and exemptions.
U.S. Estate and Gift Tax Exemptions and Tax Rates
| Year | Lifetime Exemption | Tax Rates |
|---|---|---|
| 2001 | $675,000 | 55% |
| 2002 | $1 million | 50% |
| 2003 | $1 million | 49% |
| 2004 | $1.5 million | 48% |
| 2005 | $1.5 million | 47% |
| 2006 | $2 million | 46% |
| 2007 | $2 million | 45% |
| 2008 | $2 million | 45% |
| 2009 | $3.5 million | 45% |
| 2010 | Repealed | 0% |
| 2011 | $5 million | 35% |
| 2012 | $5.12 million | 35% |
| 2013 | $5.25 million | 40% |
| 2014 | $5.34 million | 40% |
| 2015 | $5.43 million | 40% |
| 2016 | $5.45 million | 40% |
| 2017 | $5.49 million | 40% |
| 2018 | $11.18 million | 40% |
| 2019 | $11.4 million | 40% |
| 2020 | $11.58 million | 40% |
| 2021 | $11.7 million | 40% |
| 2022 | $12.06 million | 40% |
| 2023 | $12.92 million | 40% |
| 2024 | $13.61 million | 40% |
| 2025 | $13.99 million | 40% |
Estate Tax Results
| Total Gross Estate | $0.00 |
|---|---|
| Total Deductions | $0.00 |
| Taxable Estate | $0.00 |
| Adjusted Taxable Estate | $0.00 |
| Federal Estate Tax | $0.00 |
| Effective Tax Rate | 0% |
About Estate Tax Calculator
The federal estate tax is a tax on property (cash, real estate, stock, or other assets) transferred from deceased persons to their heirs. Only the portion of an estate that exceeds the exemption amount is subject to the tax. The estate tax applies to the transfer of the estate of a deceased person.
How Estate Tax is Calculated
To calculate the federal estate tax:
- Calculate the total gross estate (sum of all assets)
- Subtract allowable deductions (debts, funeral expenses, etc.)
- Subtract the lifetime exemption amount (adjusted for any lifetime gifts)
- Apply the 40% tax rate to the remaining taxable estate
Current Estate Tax Exemption
For 2024, the federal estate tax exemption is $13.61 million per individual. This means an individual can leave $13.61 million to heirs and pay no federal estate tax. A married couple can leave $27.22 million. The estate tax rate is a flat 40% on amounts above the exemption.
Portability
The unused portion of a deceased spouse's exemption can be transferred to the surviving spouse. This is called "portability" and allows married couples to effectively double their exemption amount without complex estate planning.
State Estate Taxes
Some states impose their own estate or inheritance taxes with different exemption amounts and rates. This calculator focuses on federal estate tax only.