Estate Tax Calculator
Assume married and Basic Exemption Amount used,
or carried over at spouse's prior death
or carried over at spouse's prior death
| Federal Estate Taxes at Last Death | ||
|---|---|---|
| Tax Act 2010 Permanent | Revert in 2013 to Old Law | |
| Taxable Estate | ||
| less Spouse's Exclusion | ||
| Net Estate | ||
| Tentative Federal Estate Tax | ||
| Basic Unified Credit1 | ||
| Spouse's Unused Credit2 | ||
| Net Federal Estate Tax | ||
1Assumes 2% federal inflation adjustment to the $5,000,000 Basic Exclusion Amount after 2012 for the 2010 Tax Act.
If the 2% federal index rate is assumed to continue, the Basic Exclusion Amount in 2020 will be $5,990,000 with an Unified Credit of $2,077,300. (Note that the base $5,000,000 in year 2011 is used and the Basic Exclusion Amounts are rounded to the nearest $10,000.)
2The credit for the spouse's unused credit amount is always 35% of the unused exclusion amount; thus, a $5,000,000 carryover will have an Unused Credit Amount of $1,750,000.
