applicable exclusion amount
- The value that someone can pass to any individual or entity without needing to pay a federal estate tax, exempting any assets left to a qualifying charity or a US citizen spouse
- She calculated the applicable exclusion amount to ensure her heirs wouldn't need to pay federal estate tax.
- The accountant explained how the applicable exclusion amount could help transfer wealth without incurring taxes.
- To minimize estate tax liabilities, he decided to use his applicable exclusion amount plan for his assets.
Provide Feedback
