Finance
Income tax estimate
Estimate income tax using an effective tax rate supplied by the user.
Calculators / Finance / Estate tax estimate
Estate tax estimate calculator
Estimate tax above a user-supplied exemption using a user-supplied effective rate.
On this page
Amount above exemption2,000,000
Illustrative tax before credits800,000
Calculator controls
How to calculate
Estimate tax above a user-supplied exemption using a user-supplied effective rate.
Amount above exemption = estate-exemption; Illustrative tax before credits = (estate-exemption)*rate/100
Worked example
Taxable estate before exemption: 15000000; Applicable exemption: 13000000; Effective tax rate above exemption (%): 40.
Amount above exemption: 2,000,000 ; Illustrative tax before credits: 800,000 .
Assumptions and limits
The formula can produce a negative result when the estate is below the entered exemption; treat tax as zero in that case. Estate and inheritance rules are jurisdiction- and date-specific and require professional advice.
Results are rounded for display; calculations use unrounded values. Read our calculation methodology.
Understanding the result
Estimate tax above a user-supplied exemption using a user-supplied effective rate. The displayed figures use the inputs and formula shown on this page.
When this tool is useful
Use the estate tax estimate to compare a scenario, check an estimate, or verify a manual calculation.
Understanding your inputs
| Input | What to enter |
|---|---|
| Taxable estate before exemption | Enter a number of at least 0.000001 and no more than 1000000000000. |
| Applicable exemption | Enter a number of at least 0 and no more than 1000000000000. |
| Effective tax rate above exemption (%) | Enter a number of at least 0 and no more than 100. |
Frequently asked questions
What should I check before using the estate tax estimate result?
The formula can produce a negative result when the estate is below the entered exemption; treat tax as zero in that case. Estate and inheritance rules are jurisdiction- and date-specific and require professional advice.
Is this estate tax estimate result exact?
It is exact for the stated mathematical model and entered values. Real-world results can differ when rates, timing, fees, definitions or measurement conditions differ.