Estate Tax Calculator
Calculate federal estate tax on wealth transfers at death. Most estates pay no tax due to the generous exemption, but large estates face rates up to 40%.
2024 Estate Tax Exemption
| Filing Status | Exemption | Individual$13.61 million Married (portability)$27.22 million
Estates below these thresholds owe no federal estate tax.
Estate Tax Rates
Taxable EstateRate $0 - $10,00018% $10,001 - $20,00020% $20,001 - $40,00022% ...... | Over $1,000,000 | 40% |
*After exemption, rates start at 18% and quickly reach 40%
Estate Tax Calculation
``javascript
function calculateEstateTax(grossEstate, deductions = 0) {
const exemption = 13610000; // 2024
const taxableEstate = Math.max(0, grossEstate - deductions - exemption);
// Simplified: flat 40% on amounts over exemption
const estateTax = taxableEstate * 0.40;
return {
grossEstate,
exemption,
taxableEstate,
estateTax,
effectiveRate: (estateTax / grossEstate * 100).toFixed(2) + '%'
};
}
``
Planning Strategies
| Strategy | Purpose | Lifetime giftsUse annual exclusion ($18k/person) Irrevocable trustsRemove assets from estate Charitable givingReduce taxable estate Life insurance trustsExclude policy from estate