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The applicable exclusion amount is the amount that can be sheltered from federal gift and estate tax by the unified credit. The basic exclusion amount is $13,990,000 (in 2025, $13,610,000 in 2024). In 2011 and later years, the unused applicable exclusion amount of a deceased spouse is portable which may make it easier for you and your spouse to take full advantage of the estate tax applicable exclusion amount.

Upside and Downside of Using the Applicable Exclusion Amount Now

Upside and Downside of Using the Applicable Exclusion Amount Now

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