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
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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 See all Example Sentences for estate tax 

Word History

First Known Use

1928, in the meaning defined above

Time Traveler
The first known use of estate tax was in 1928

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 tax

More from Merriam-Webster on estate tax

Last Updated: - Updated example sentences
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