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- Not Legal Advice: The information provided does not constitute legal advice and should not be relied upon as such.
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- Jurisdiction Variations: Laws vary by state and jurisdiction. This calculator provides general information and may not reflect the specific laws applicable to your situation.
Estate Tax Calculator
Calculate estate and inheritance tax estimation by state with federal exemptions. Get accurate federal and state estate tax calculations for 2024.
Real estate, investments, cash, etc.
Mortgages, debts, loans, etc.
Charitable bequests and donations
State determines estate tax rules
State-by-State Accuracy
Calculate estate taxes for all 50 states plus DC with accurate exemptions and tax rates for 2024.
Federal & State Calculations
See both federal and state estate tax calculations with exemptions, deductions, and effective tax rates.
100% Private
All calculations happen in your browser. Your financial information never leaves your device.
How Estate Tax Works
Estate Tax Calculation Formula
1. Calculate Net Estate Value:
Net Estate = Total Assets - Total Liabilities
2. Apply Exemptions and Deductions:
Taxable Estate = Net Estate - Federal Exemption - State Exemption - Charitable Deductions
3. Calculate Taxes:
Federal Tax = Taxable Amount × 40%
State Tax = Taxable Amount × State Rate (varies by state)
2024 Federal Estate Tax
- • Federal Exemption: $13.61 million per individual ($27.22 million for married couples)
- • Federal Tax Rate: 40% on amounts exceeding exemption
- • Unlimited Marital Deduction: Transfers to spouse are tax-free
- • Charitable Deduction: Donations to qualified charities reduce taxable estate
State Estate Taxes
As of 2024, 13 states and DC impose estate taxes with varying exemptions and rates:
States with Estate Tax:
Connecticut, District of Columbia, Hawaii, Illinois, Maine, Maryland, Massachusetts, Minnesota, New York, Oregon, Rhode Island, Vermont, Washington
Frequently Asked Questions
What is the federal estate tax exemption for 2024?
The federal estate tax exemption for 2024 is $13.61 million per individual. Estates valued below this amount are not subject to federal estate tax. The federal estate tax rate is 40% on amounts exceeding the exemption.
Which states have estate taxes?
As of 2024, 13 states and the District of Columbia have estate taxes: Connecticut, District of Columbia, Hawaii, Illinois, Maine, Maryland, Massachusetts, Minnesota, New York, Oregon, Rhode Island, Vermont, and Washington. Each state has different exemption amounts and tax rates.
How is estate tax calculated?
Estate tax is calculated on the net estate value (total assets minus liabilities) after subtracting applicable exemptions and deductions. The remaining taxable estate is then subject to federal tax at 40% and state tax if applicable. Charitable deductions can reduce the taxable estate.
Can charitable donations reduce estate tax?
Yes, charitable donations and bequests can reduce your taxable estate. Donations to qualified charitable organizations are fully deductible from your estate value before calculating estate tax, potentially saving significant amounts in taxes.
What is the difference between estate tax and inheritance tax?
Estate tax is paid by the estate before distribution to heirs, based on the total value of the estate. Inheritance tax is paid by individual heirs based on what they receive. This calculator focuses on estate taxes. Only a few states have inheritance taxes.
Is my data private when using this calculator?
Yes, absolutely! All calculations happen entirely in your browser. Your financial information is never sent to any server, ensuring complete privacy and security.