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Estate Tax Calculator

Estate planning includes, but is not limited to, designating guardians for your children, setting up trusts, and the transition of cash and property to the people and institutions of your choice. A key part of estate planning is helping reduce estate and inheritance tax.

Use this Estate Tax Liability Calculator to determine potential federal estate tax liability for you and your heirs. This tool uses the latest information from the IRS including annual changes and those due to tax reform. Gather your 2020 financial statements including bank accounts, investments, charitable giving and more to fill in each section. Definitions of key terms are provided below the chart.


Estate tax planning is very important to preserving your wealth for future generations. Knowing your potential estate tax liability is a great place to start your estate tax plan. Use this calculator to project the value of your estate, and the associated estate tax, for the next ten years. This calculator uses the rules passed into law as part of the "2017 Tax Cuts and Jobs Act." Please be aware that certain estate planning documents, which are beyond the scope of this calculator, may be necessary in order for assets to be distributed according to your wishes.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

How to calculate your tax refund

For the tax calculators below, be sure to have your 1099 or W-2 form handy and be ready to answer a few basic questions about your filing status, income, deductions, and credits.

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Tax Breaks & Deductions for Homeowners

Tax Breaks & Deductions for Homeowners

Owning a home offers a tremendous amount of tax benefits that can help offset other financial burdens like high mortgage payments. Here are the tax breaks that may be available to you as a homeowner to help reduce your tax bill. For more information, refer to IRS Publication 503.

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