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

This means that an individual can pay an unlimited amount for someone’s qualified tuition expenses without reducing their $19,000 per recipient annual exclusion or triggering any gift tax (or use of gift/estate tax exemption). —Darren T. Case, Forbes, 25 Feb. 2025

While the inheritance tax will be eliminated, the budget lowers the estate tax exemption threshold from $5 million to $2 million. —J.b. Jennings, Baltimore Sun, 11 Feb. 2025

Without action from Congress, several individual provisions will expire after 2025, including lower federal income tax brackets, bigger standard deductions, a more generous child tax credit and higher gift and estate tax exemptions, among other provisions. —Kate Dore, Cfp®, CNBC, 11 Sep. 2024

Maryland is also the only state with a digital advertising tax, and both an estate tax and inheritance tax. —Jeff Abell, Baltimore Sun, 22 Jan. 2025

Word History

First Known Use

1928, in the meaning defined above

Rhymes for estate tax

• anticlimax
• counterattacks
• hemothorax
• mesothorax
• metathorax
• pneumothorax
• almanacs
• carrybacks
• haversacks
• lumberjacks
• maniacs
• microcracks

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