Inheritance Tax Calculator
Calculate inheritance tax and estate tax liability for your beneficiaries
Estate Details
Ready to Calculate
Enter your estate details to calculate inheritance tax liability.
How to Use the Inheritance Tax Calculator
Enter Estate Value
Start by entering the total value of the estate including all assets, investments, property, and other holdings that will be subject to inheritance tax.
Add Exemptions & Deductions
Enter any applicable exemptions, deductions, or credits that can reduce the taxable estate value. This includes spousal exemptions, charitable donations, and other deductions.
Select Marital Status & Dependents
Choose the marital status of the deceased and enter the number of children. This affects certain exemptions and tax calculations in some jurisdictions.
Choose State
Select the state where the estate is located. Some states have their own inheritance tax rates in addition to federal estate tax.
Review Tax Breakdown
Review the detailed tax calculation showing federal tax, state tax (if applicable), and the net estate value after taxes for beneficiaries.
Inheritance Tax Planning Tips
Consider gifting assets during lifetime to reduce estate value and utilize annual gift tax exclusions
Establish trusts to protect assets and potentially reduce estate tax liability
Review and update your estate plan regularly to account for changing tax laws and asset values
Consider life insurance as a tax-free way to provide liquidity for estate taxes
Work with estate planning professionals to optimize your tax strategy
Understand the difference between estate tax (federal) and inheritance tax (state-level)
Consider the timing of asset transfers to maximize tax benefits
Document all assets and debts accurately for proper estate valuation
Review beneficiary designations on retirement accounts and life insurance policies
Consider the impact of state-specific inheritance tax laws on your estate plan