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Gross estate includes the fair market value of all assets owned at death, including cash, real estate, stocks, retirement accounts, business interests, and life insurance policies.
Gross Estate = Real Estate + Investments + Cash + Life Insurance + Business InterestsAllowable deductions (such as mortgages, funeral expenses, administration costs, and unlimited transfers to spouses) are subtracted from the gross estate.
Taxable Estate = Gross Estate - Liabilities - Charitable Bequests - Marital DeductionFederal estate tax applies progressive rates (currently peaking at 40%) to the taxable estate that exceeds the lifetime unified exemption amount.
Net Taxable Amount = Taxable Estate - Lifetime Exemption; Estate Tax = Net Taxable Amount × Estate Tax Rate (up to 40%)Updated: July 2026
A single individual with a gross estate of $5.5 million in real estate and retirement funds, under current federal limits.
→ Taxable estate: $5,300,000; Federal estate tax: $0
An estate of $18.0 million with a lifetime exemption of $13.61 million and a flat 40% rate on the taxable excess.
→ Taxable balance: $3,390,000; Federal estate tax: ~$1,356,000
A married couple utilizing exemption portability (DSUE) to double their federal tax shelter to $27.22 million.
→ Taxable estate: $0; Federal estate tax: $0
The federal estate tax is a tax on the transfer of property at death. This calculator evaluates your gross estate, applies allowable deductions, and determines potential federal estate tax liability against the lifetime unified exemption limit.