2026 Calculator
Inheritance Tax Calculator
Calculate taxes on inherited assets
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This estimate is based on projected 2026 data and industry averages. Actual premiums vary by insurer, location, and individual factors. Consult a licensed insurance agent for accurate quotes.
*Based on estimated 2026 projections. Data may not reflect real-time legislative changes.
FAQ
What is the difference between estate tax and inheritance tax?
Estate tax is paid by the deceased's estate before distribution (federal + some states). Inheritance tax is paid by beneficiaries on what they receive (6 states only). Most states have neither. Spouses are typically exempt from both under unlimited marital deduction.
What is the 2026 federal estate tax exemption?
As of the 'One, Big, Beautiful Bill' (OBBB) enacted in 2025, the 2026 federal estate tax exemption is $15.0 million per person ($30.0M for married couples). This legislation prevented the scheduled TCJA sunset and made the higher exclusion permanent.
Which states have inheritance tax?
Only 6 states have inheritance tax: Iowa, Kentucky, Maryland, Nebraska, New Jersey, and Pennsylvania. Rates vary from 0-18% depending on relationship to deceased. Spouses are exempt in all states. Most lineal heirs (children, parents) have reduced rates or exemptions.