Estate Tax Calculator

This is a calculator for the estimation of federal estate (inheritance) tax for the residences in the United States based on assets and Liabilities. This calculator uses the exemption and tax rate based on the "2010 Tax Act" signed by President Obama on December 17th, 2010. Many states also impose an estate tax, with the state version called either an estate tax or an inheritance tax. Please click here to check the state specific laws. In most situations, the state estate taxes are much smaller in amount compared with the federal tax.

Assets
residence & other real estate	$
stocks, bonds, and other investments	$
savings, CDs, and checking account balance	$
vehicles, boats, and other properties	$
retirement plans	$
life insurance benefit	$
other assets	$
Liability, Costs, and Deductibles
debts (mortgages, loan, credit cards, etc)	$
funeral, administration, and claims expenses	$
charitable contributions	$
state inheritance or estate taxes	$

Exemptions and Tax Rates

Year	ExemptionsTax Rates
2001	$675,000	55%
2002	$1 million	50%
2003	$1 million	49%
2004	$1.5 million	48%
2005	$1.5 million	47%
2006	$2 million	46%
2007	$2 million	45%
2008	$2 million	45%
2009	$3.5 million	45%
2010	Repealed	0%
2011	$5 million	35%
2012	$5 million	35%

The estate tax in the United States is a tax imposed on the transfer of the "taxable estate" of a deceased person, whether such property is transferred via a will or according to the state laws of intestacy. The estate tax is one part of the Unified Gift and Estate Tax system in the United States. The other part of the system, the gift tax, imposes a tax on transfers of property during a person's life; the gift tax prevents avoidance of the estate tax should a person want to give away his/her estate just before dying.