Federal Estate Tax Calculator
   
 
 


1. Year of Death
2. Estimated Gross Estate at Death
3. LESS: Debts, Probate, mortgages, etc.
Net Estate at Death: $ 
4. LESS: Assets Passing to Spouse
5. LESS: Assets Passing to Charities
Taxable Estate: $ 
6. PLUS: Adjusted Taxable Gifts [After 1976]1
7. Gift Taxes Paid [After 1976]
 
Adjusted Taxable Estate: $ 
Tentative Federal Estate Tax: $ 
LESS: Gift Taxes Paid: $ 
LESS: Unified Credit: $ 
Federal Estate Tax Due2,3: $ 
 
 
 
Note: The current Estate Tax Law has recently been subject to major changes. As with all of our calculators, this calculator is correct to the best of our knowledge. Always, personally visit and consult with a qualified financial professional when making any financial decision.

Under the Tax Act of 2001, the federal estate tax is gradually phased out until its final repeal in the year 2010. If Congress does not act at that time to repeal it for the years following, it will automatically revert back to the rates in effect during the year 2001, with an exemption for the first $1,000,000 of assets. This calculator assumes that Congress will fail to finalize the repeal of the federal estate tax before 2001.
  1. Enter gifts made after 1976 which exceeded the Annual Exclusion amount.

  2. After 2010, estates over $10,000,000 have a 5% surcharge until the benefit of the lower graduated tax brackets has been recaptured.

  3. If death occurs during the year 2010, there will be no federal estate taxes. However, beneficiaries of the estate will receive the same income tax basis as held by the decedent. (Subject to an adjustment of $1,300,000 for assets passing to the heirs and an additional $3,000,000 for assets passing to the surviving spouse.) When these assets are sold by the beneficiaries, taxes on capital gains will be determined from this carried over basis.