Estate Tax Calculator
Calculate federal and state estate taxes for your inheritance planning. Determine tax liability, exemptions, and deductions based on current tax laws and estate value.
Step 1: Estate Details
Understanding Estate Tax
The federal estate tax applies to estates exceeding the exemption amount ($13.61 million for 2024). State estate taxes vary by location and have different exemption thresholds.
Step 2: Tax Parameters
Federal Estate Tax Rates
The federal estate tax is progressive, starting at 18% for the first $10,000 above exemption and reaching 40% for amounts over $1 million above exemption. State taxes are calculated separately.
Estate Tax Calculation Results
Total Estate Tax Liability
State Estate Tax Comparison
| State | Exemption | Tax Rate | State Tax Due | Total Tax |
|---|
Tax Calculation Breakdown
Estate Tax Formula
Federal Estate Tax = (Taxable Estate – Federal Exemption) × Progressive Tax Rate
To calculate federal estate tax: Subtract deductions from gross estate, then apply federal exemption. The remaining amount is taxed at progressive rates (18%-40%). State taxes are calculated separately based on state-specific rules.
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