Federal Estate Tax

Learn about the definition for this legal term.

What is Federal Estate Tax?

A tax on inheritance that is imposed by the federal government. The amount taxable varies periodically by statutes passed by the U.S. Congress. Currently, the tax only kicks in for estates in excess of $11 million. The federal statute should always be consulted.

Further Reading

For more detailed information, see our related Wills Trusts And Estates terms:

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