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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
The Tax Cuts and Jobs Act (TCJA) doubled the estate tax exemption to $13.61 million for individuals and $27.22 million for married couples; but, this is only for 2018 through 2025.
—Jessica Ledingham, J.d., Ll.m., Forbes, 25 Oct. 2024
Former President Donald Trump has promised to keep most of the tax cuts, including the estate tax.
—Medora Lee, USA TODAY, 25 Oct. 2024
Top issues vary across the district, from property taxes in Park Forest to estate tax fixes in farm communities, Joyce said.
—Olivia Olander, Chicago Tribune, 21 Oct. 2024
If a Form 706 is required, monitor the final determination of estate tax liability, as this will affect the election’s lifespan.
—Ashley Case, Forbes, 30 Sep. 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 9 Nov. 2024.
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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