Inheritance Tax Calculator
Use our inheritance tax calculator to estimate inheritance tax on an estate. Input the estate value and beneficiary relationships to get an instant estimate of your inheritance tax liability.
How inheritance tax calculator work?
Our inheritance tax calculators will first ask you to input the total value of the estate being inherited. This includes all assets like real estate, financial accounts, personal property, etc.
Next, it will ask about the relationships of the beneficiaries to the deceased. Beneficiary categories like children, siblings, and relatives have different tax rates.
The calculator will then apply the inheritance tax rate according to the law for the amount being inherited by each beneficiary based on their relationship.
Most jurisdictions have an exemption for spouses, and sometimes exemptions for assets going to charities or the state. Our calculator will account for this too.
Finally, it will add up the inheritance tax to estimate the total tax liability. This helps beneficiaries understand the potential tax implications before assets are distributed.