Your Go-To Inheritance Tax Calculator
Do you want to know how much your inheritance tax is? We got your back! Utilize our easy-to-use inheritance tax calculator to find out what your federal inheritance tax will be.
Inheritance Tax Calculator
How to Use Our Inheritance Tax Calculator
STEP 1
Enter Your Estate Value
Locate the field labeled "Total Estate Value ($)" and input the total value of the estate (e.g. 500,000 for $500,000).
STEP 2
Enter Your Exemptions
Find the field labeled "Exemptions ($)" and input the total exemptions allowed (e.g. 100,000 for $100,000).
STEP 3
Enter Your Tax Rate
Locate the field labeled "Tax Rate (%)" and input the applicable tax rate as a percentage (e.g. 10 for 10%).
STEP 4
Calculate Your Inheritance Tax
Click on the button labeled "CALCULATE YOUR INHERITANCE TAX".
STEP 5
View Your Results
The calculated inheritance tax will appear below the button in bold text.
Inheritance Tax Calculation Example
Below you will find a simple example of random inheritance tax calculation scenario. Follow this example to calculate inheritance tax for yourself.
- Estate Value: $500,000
- Exemptions: $100,000
- Tax Rate: 10%
After clicking the button, the result will display:
Inheritance Tax: $40,000
Frequently Asked Questions
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