Federal Estate Tax Scenario Table ($16,000,000 Gross Estate)
| Step / Metric | Single Individual | Married Couple (Portability Used) |
|---|---|---|
| Gross Estate Value | $16,000,000 | $16,000,000 |
| Debts & Liabilities | -$1,000,000 | -$1,000,000 |
| Net Estate Value | $15,000,000 | $15,000,000 |
| Lifetime Exemption Limit | -$13,610,000 | -$27,220,000 ($13.61M × 2) |
| Taxable Estate Above Cap | $1,390,000 | $0.00 |
| Estimated Tax Owed (40%) | $556,000 | $0.00 TAX OWE |
Frequently Asked Questions
What is the federal estate tax exemption?
The federal estate tax exemption is the dollar threshold below which an estate pays zero federal estate tax ($13.61 Million per individual in 2024, or $27.22 Million for married couples).