Federal & State Estate Tax Estimator
| Taxable Amount | Rate |
|---|---|
| $0 - $10,000 | 18% |
| $10,001 - $20,000 | 20% |
| $20,001 - $40,000 | 22% |
| $40,001 - $60,000 | 24% |
| $60,001 - $80,000 | 26% |
| $80,001 - $100,000 | 28% |
| $100,001 - $150,000 | 30% |
| $150,001 - $250,000 | 32% |
| $250,001 - $500,000 | 34% |
| $500,001 - $750,000 | 37% |
| $750,001 - $1,000,000 | 39% |
| Over $1,000,000 | 40% |
Each individual can pass up to $13.61 million free of federal estate tax. This exemption is unified with the gift tax exemption -- lifetime gifts reduce your available estate tax exemption.
A surviving spouse can use the deceased spouse's unused exemption (DSUE), effectively doubling the exemption to $27.22 million. The executor must file Form 706 to elect portability.
Assets passed to a surviving U.S. citizen spouse are fully deductible. A QDOT (Qualified Domestic Trust) is required for non-citizen spouses.
You can gift up to $18,000 per recipient per year without using any lifetime exemption. Married couples can gift $36,000 per recipient through gift splitting.
The current high exemption is set to revert to approximately $7 million (adjusted for inflation) after 2025 under the Tax Cuts and Jobs Act sunset provisions.