Finance category
Mortgage, loan, investing, tax, and money calculators.
Inheritance Tax Calculator
Estimate the total estate tax bill from federal and state taxes on a transferred estate. Use the federal exemption ($13.99M individual in 2026) and your state's separate exemption.
2026: ~$13.99M individual
varies by state
Net to heirs
$4,500,000
after estate tax
Total estate tax
$0
0.0% effective
Federal tax
$0
State tax
$0
Estate vs inheritance tax
Federal: estate tax — paid by the estate before heirs receive anything. Currently no federal inheritance tax (paid by recipient). Federal exemption is $13.99M per individual in 2026 (sunsets after 2025; many estates plan around lower future limits).
State rules vary widely. Some states have estate tax (MA, OR, WA, NY), some have inheritance tax paid by recipients (NJ, KY, PA, IA, MD, NE), some have neither. Check your specific state for accurate planning.
How to Use
- Enter the total estate value (assets minus debts).
- Enter the federal estate exemption (2026: about $13.99M individual).
- Enter the federal estate tax rate (currently 40% on amounts above exemption).
- Enter your state exemption and rate if applicable.
- Read total tax and net to heirs.
Frequently Asked Questions
Estate tax vs inheritance tax — what's the difference?
Estate tax is paid by the estate before heirs receive anything. Inheritance tax is paid by the recipient on what they receive. Federal has only estate tax. Some states have one or the other (or both).
What's the federal estate exemption?
About $13.99M per individual in 2026, $27.98M per couple. The exemption is scheduled to drop to roughly $7M per individual after 2025 unless Congress extends it. Many estate plans assume the lower future amount.
Which states have estate or inheritance tax?
Estate tax states: CT, HI, IL, ME, MD, MA, MN, NY, OR, RI, VT, WA, DC. Inheritance tax states: IA, KY, MD, NE, NJ, PA. MD has both. State rates and exemptions vary widely.
How can I reduce estate tax?
Annual gifting (up to $19k per recipient in 2026 without using exemption), irrevocable trusts, charitable bequests, life insurance trusts (ILITs), generation-skipping trusts. Strategy depends on estate size and goals — get specialized estate planning advice.
Related Calculators
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Net Worth Calculator
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Tax on selling inherited real estate.
Tax Bracket Calculator
Income tax bracket for the estate's final return.
Self-Employment Tax Calculator
Income tax planning for high earners using exemptions.
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