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estate tax
noun
: a tax in the form of a percentage of the taxable estate that is imposed on a property owner's right to transfer the property to others after his or her death compare inheritance tax sense 1
Examples of estate tax in a Sentence
Recent Examples on the Web
Some states have their own estate tax rules that don’t align with federal ones.
—Ashley Case, Forbes, 26 Dec. 2024
The federal estate tax applies to estates exceeding $13.61 million for individuals or $27.22 million for married couples starting in 2025. Rates can reach as high as 40%, and state-specific inheritance taxes may also apply.
—James Brewer, Forbes, 13 Dec. 2024
Similar to estate tax in the U.S., inheritance tax in the U.K. is charged at 40% on the property, possessions and money of someone who has died, above a threshold of 325,000 pounds, or around $410,000.
—Hannah Peart, NBC News, 30 Nov. 2024
Awareness of these potential obstacles is crucial for effective estate tax planning.
—Christine Fletcher, Forbes, 3 Dec. 2024
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Word History
First Known Use
1928, in the meaning defined above
Dictionary Entries Near estate tax
Cite this Entry
“Estate tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/estate%20tax. Accessed 8 Jan. 2025.
Legal Definition
estate tax
noun
: an excise in the form of a percentage of the taxable estate that is imposed on a property owner's right to transfer the property to others after his or her death
called also succession tax
see also unified transfer tax compare gift tax, inheritance taxMore from Merriam-Webster on estate tax
Thesaurus: All synonyms and antonyms for estate tax
Britannica.com: Encyclopedia article about estate tax
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