Estate tax threshold
Term · Law · MLC-T-LAW-001924
The minimum value of a deceased person's estate that is subject to federal or state estate tax. Estates below this threshold are exempt from the tax. This amount is adjusted periodically and can vary significantly between federal and state jurisdictions, impacting which estates incur tax liability.
| Identifier | MLC-T-LAW-001924 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-001924",
"term": "Estate tax threshold",
"field": "Law",
"definition": "The minimum value of a deceased person's estate that is subject to federal or state estate tax. Estates below this threshold are exempt from the tax. This amount is adjusted periodically and can vary significantly between federal and state jurisdictions, impacting which estates incur tax liability.",
"url": "https://mlchart.com/terminology/law/estate-tax-threshold/"
}
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