Inheritance Tax Calculator
Use this Inheritance Tax Calculator to estimate taxes that beneficiaries may owe on inherited assets. Understand potential inheritance tax liabilities and plan for wealth transfers more effectively.
Inheritance Tax Calculator
Calculate federal estate tax and state inheritance tax on your estate. Understand how exemptions, relationships, and state laws affect what your heirs will receive.
Estate Details
Relationship to Deceased
State Inheritance Tax
Tax Breakdown
Exemption$13,610,000.00
Taxable Estate$890,000.00
Federal Estate Tax (40%)$356,000.00
Total Inheritance Tax$356,000.00
Your Results
Net Inheritance
$14,144,000.00
to heirs
Effective Tax Rate
2.37%
Taxable Estate
$890,000.00
Federal Exemption
Your single exemption is $13,610,000.00. Only amounts above this threshold are subject to the 40% federal estate tax.
Tax Tips
- •Spouses are typically exempt from both federal and state inheritance taxes.
- •Only 6 states and DC have inheritance taxes (separate from estate tax).
- •Relationship to the deceased affects state inheritance tax rates.
- •Consult an estate planning attorney for comprehensive strategies.