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
These examples are automatically compiled from online sources to illustrate current usage. Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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 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 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 tax

More from Merriam-Webster on estate tax

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!