Estimate federal estate tax based on the estate value and current exemption.
The federal estate tax exemption is $13.61 million per person (2024), meaning estates below this owe zero federal estate tax. Above the exemption, rates range from 18% to 40%. The exemption is set to drop to approximately $7 million in 2026 when the Tax Cuts and Jobs Act provisions expire (unless extended by Congress).
Some states also impose their own estate or inheritance tax with much lower thresholds.