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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
And in the United States, the estate tax has been gutted by tax cuts and strategies to dodge it.
—Tami Luhby, CNN, 19 Jan. 2025
That includes estate tax cuts and individual income tax cuts.
—Nerdwallet, The Mercury News, 15 Jan. 2025
Some of the expiring TCJA provisions include lower federal income tax brackets, bigger standard deductions, a more generous child tax credit, higher gift and estate tax exemptions and a 20% tax break for pass-through businesses, among others.
—Kate Dore, Cfp®, CNBC, 12 Sep. 2024
Individuals can use 529 plans to reduce estate tax liability, maximize contributions through superfunding and provide allowances through rollovers to Roth IRAs, all leading to significant tax savings.
—Robert Cole, Forbes, 9 Jan. 2025
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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 27 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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