The estate tax is a federal tax on the transfer of property when someone dies.
It applies only to very large estates whose total value is above a federal exemption amount, which is adjusted each year for inflation.
* Most estates do NOT owe federal estate tax.
Who Files the Estate Tax
- The estate tax return is filed by the executor or personal representative of the estate.
- Estate tax applies only if the gross estate (including cash, real estate, investments, life insurance, and other assets) exceeds the federal exemption.
Example:
- Federal exemption for 2026: $15 million
- If the estate value is below this amount → no federal estate tax return is required
Form Used
- The estate tax is reported on IRS Form 706
United States Estate (and Generation‑Skipping Transfer) Tax Return
This form is separate from individual income tax returns.
Important Note for DIY Taxpayers
Our program does not support preparation or filing of Form 706 or estate tax returns.