Estate Tax Calculator
Estimate federal estate tax liability using the 2024 exemption of $13.61 million. Calculate taxable estate after deductions for spouse, charitable giving, and other expenses.
Tax Disclaimer
This calculator provides estimates based on general tax rules and may not reflect your specific situation. Tax laws vary by jurisdiction and change frequently. Consult a qualified tax professional or CPA for advice tailored to your circumstances.
Inputs
Results
Estimated Estate Tax
$516,000.00
≈ 12 Teslas
Net to Heirs
$14,484,000.00
≈ 34 average U.S. homes
How to Use This Calculator
- Enter the gross value of your estate (all assets including real estate, investments, retirement accounts, and life insurance proceeds).
- Add any deductions (debts, final expenses) and charitable bequests.
- Enter the amount passing to a surviving spouse, which is fully exempt from estate tax.
- Review the estimated estate tax, net inheritance to heirs, effective tax rate, and amount exempt from the $13.61M federal exemption (2024).
- Work with an estate planning attorney for strategies to minimize estate tax.
Formula
Taxable Estate = Gross Estate - Deductions - Charitable Bequests - Spouse Bequest - Exemption ($13.61M for 2024). Estate Tax = Taxable Estate × 40%.Related Calculators
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