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Estimate federal estate tax, state estate tax, and inheritance tax for an estate or trust. See which taxes apply in your state and how much beneficiaries may owe.
Yes. New York imposes a state estate tax on estates exceeding $7.3 million.N.Y. Tax Law §§ 951–971Verified Apr 18, 2026 This is separate from and in addition to the federal estate tax. New York does not have a separate inheritance tax.
The New York estate tax exemption is $7.3 million (2026).N.Y. Tax Law §§ 951–971Verified Apr 18, 2026 Estates below this threshold owe no state estate tax. This exemption is indexed to inflation and adjusts annually. Taxable estates face graduated rates up to 16%.
The federal estate tax exemption is $15 million per person (2026), with a top rate of 40%. Married couples can effectively shield $30 million using portability of the unused spousal exemption. The One Big Beautiful Bill Act (P.L. 119-21 §70106) permanently set this exemption starting in 2026, indexed for inflation.
New York has a "cliff effect" in its estate tax.N.Y. Tax Law §§ 951–971Verified Apr 18, 2026 If an estate exceeds the exemption by more than 5%, the entire estate becomes taxable — not just the amount over the exemption. This can result in a dramatic tax increase for estates just above the threshold.
No. Unlike the federal estate tax, New York does not allow portability of unused estate tax exemption between spouses.N.Y. Tax Law §§ 951–971Verified Apr 18, 2026 Each spouse has their own exemption of $7.3 million, and any unused portion is lost at the first spouse's death.
Death taxes (estate and inheritance taxes) are separate from probate costs. Probate costs include attorney fees, executor fees, court filing fees, and publication costs. Death taxes are owed to the state or federal government on the value of the estate or inheritance. Both can apply to the same estate. Use the New York probate calculator to estimate probate costs separately.
In-depth guides covering New York probate laws, trust requirements, and estate planning strategies.
Mortgages, loans, funeral costs, administration
Select your state, enter an estate value, and indicate marital status to see federal and state death tax estimates.
This calculator provides general information about estate and inheritance taxes and is not legal or tax advice. Estate tax laws are complex and subject to change. Consult a licensed attorney or tax professional for guidance specific to your situation.
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