All glossary terms
Glossary term
U.S. Estate Tax
Federal tax on the transfer of property at death above the applicable exclusion.
Related terms
1
Jurisdictions
us
Definition
The federal estate tax under Section 2001 applies to the taxable estate above the basic exclusion ($13.61 million for 2024, scheduled to sunset to roughly half in 2026 absent legislation). Marital and charitable deductions reduce the taxable estate.
Examples
- A decedent with a taxable estate of $20 million owes federal estate tax on the excess above the basic exclusion.
Related terms
Translations
ESimpuesto a la herencia
ZH联邦遗产税
DEErbschaftsteuer
FRdroits de succession
JA遺産税
Citations
26 U.S.C. · 2001
Related citations
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This entry cites
Primary sources
- IRS: Estate taxVerified 2026-05-20
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.