fincalculator
Estate Tax Calculator
Use this free Estate Tax Calculator to estimate potential federal estate tax liabilities. Simple, accurate, and easy to use online.
The Estate Tax Calculator estimates the federal estate tax liability (often called the "death tax") on your total assets after you pass away. It considers the current federal exemption limit to determine if any tax satisfies due.
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INPUT VALUES
Total Estate Value15000000
Exemption Amount (2024 Fed: $13.61M)13610000
Deductions (Charity/Spouse)0
Estate Tax Rate (%)40
When to Use This Calculator
Use this calculator to:
- Estimate Liability: Determine if your net worth exceeds the federal estate tax exemption threshold.
- Estate Planning: Evaluate the potential tax impact on your heirs to decide if you need trusts or gifting strategies.
Example Scenario
Example Scenario:
- Total Estate Value: $15,000,000
- 2024 Exemption: $13,610,000
- Tax Rate: 40%
Calculations:
- Taxable Estate: $15,000,000 - $13,610,000 = $1,390,000.
- Estimated Tax: $1,390,000 × 0.40 = $556,000.
- Net to Heirs: $15,000,000 - $556,000 = $14,444,000.