Estate Tax Threshold
Definition - What does Estate Tax Threshold mean?
Estate tax threshold may simply be defined as the minimum amount in dollars of an estate's value at which estate taxes might be due. In most states, this is usually a fixed amount, and anything under that amount is not subjected to tax.
Justipedia explains Estate Tax Threshold
Estate tax threshold can be explained with an example. Consider a person who dies in the year where tax exemption is $3,000,000.00. Then, the estate might not be subject for estate tax if the valuation is below $3,000,000.
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