Estimate federal estate tax based on gross estate, deductions, and exemption.
Taxable estate = gross estate − deductions; federal tax = max(0, taxable estate − exemption) × 40%.
A $14 million estate with the standard exemption and no deductions owes roughly $0 under 2024 exemption levels, but above-exemption amounts are taxed at 40%.
It is the amount you can pass on free of federal estate tax. It changes over time and with filing status; check the current IRS figure.
Some states impose their own estate or inheritance taxes with different exemptions and rates. This calculator covers only the federal estate tax.
No. Estate planning involves trusts, gifting, and state laws. Consult a qualified estate attorney or tax professional for your situation.
Browse all Financial Calculators