Estate Tax Calculator

Calculate potential federal and state estate taxes based on total estate value, deductions, and exemptions. See the net inheritance after taxes and understand planning strategies to minimize estate tax liability.

Disclaimer

This is an estimate only based on 2024 US federal and state estate tax laws. It does not constitute legal or tax advice. Estate tax laws are complex and subject to change. Consult a qualified estate planning attorney or tax professional for your actual situation.

Estate Assets

Enter the fair market value of all estate assets at the time of death.

Real Estate ($)

Investments ($)

Retirement Accounts ($)

Life Insurance ($)

Business Interests ($)

Other Assets ($)

Deductions

Deductions reduce the taxable estate before tax is calculated.

Debts & Liabilities ($)

Funeral Expenses ($)

Charitable Bequests ($)

Marital Deduction ($)

Unlimited deduction for assets passing to a surviving U.S. citizen spouse.

Total Deductions: $15,000 → Taxable Estate: $0

State Estate Tax

Select the decedent's state of residence. Only 12 states and DC impose a separate estate tax.

[Estate]

Enter your estate asset values above to calculate federal and state estate taxes.

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How to Use Estate Tax Calculator

1Enter total estate value across all asset types.
2Add deductions: debts, funeral expenses, charitable gifts.
3Select your state for state estate tax calculation.
4View federal tax, state tax, and net inheritance.

Frequently Asked Questions

What is the federal estate tax exemption?▾

The 2024 federal estate tax exemption is $13.61 million per individual ($27.22 million for married couples). Estates below this threshold owe no federal estate tax. This exemption is set to decrease to approximately $7 million in 2026.

Which states have estate or inheritance tax?▾

About 12 states plus D.C. have estate taxes with exemptions ranging from $1 million to $13.61 million. Six states have inheritance taxes. Maryland has both. State rules differ significantly from federal rules.

How can I reduce estate tax?▾

Strategies include gifting during your lifetime ($18,000/year per recipient tax-free), setting up irrevocable trusts, charitable bequests, spousal transfers (unlimited marital deduction), and life insurance trusts.

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About Estate Tax Calculator

NexTool's Estate Tax Calculator is completely free to use with no sign-up required. Your data is processed directly in your browser and never sent to our servers, ensuring complete privacy and instant results.