applicable exclusion amount

Definition of "applicable exclusion amount"
  1. 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
How to use "applicable exclusion amount" in a sentence
  1. She calculated the applicable exclusion amount to ensure her heirs wouldn't need to pay federal estate tax.
  2. The accountant explained how the applicable exclusion amount could help transfer wealth without incurring taxes.
  3. To minimize estate tax liabilities, he decided to use his applicable exclusion amount plan for his assets.

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