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Definitions for "Applicable Exclusion Amount"
Keywords:  exclusion, gift, repealed, reinstated, exempt
Related Terms: Gift tax, Unified credit, Exemption amount, Estate taxes, Estate tax, Taxable estate, Exemption equivalent, Inheritance tax, Death tax, Death taxes, Generation-skipping transfer tax, Gift taxes, Federal estate tax, Unified tax credit, Generation skipping transfer tax, Inheritance taxes, Federal gift tax, Marital deduction, Personal exemption, Potentially exempt transfer, Adjusted gross estate, Exemptions, Exempt, Annual gift tax exclusion, Exemption, Exemption, Tax abatement, Gift tax annual exclusion, Taxpayer, Ad valorem tax, Unlimited marital deduction, Tax levy, Ad valorem taxes, Annual exclusion, Tax roll, Charitable deduction, Homestead exemption, Real estate taxes, Land tax, Transfer taxes, Tax exempt, Tax avoidance, Use tax, Levy , Property tax, Property taxes, Tax, Tax base, Carryover basis, Surtax
The total amount of money a person can give away while alive or in their Will without having to pay federal taxes. In 2000, this amount was $675,000. In 2006, it will be $1,000,000.
scselfservice.org
another term for the federal gift and estate tax "exemption equivalent" or the amount of transfers sheltered from tax by the unified credit in any given year; beginning in 2004, the gift tax applicable exclusion amount differs from the estate tax applicable exclusion amount
life-insurance-guru.com
The amount of property owned by a decedent effectively exempt from the federal estate and gift tax. ($1,500,000 in 2004.)
buxtonlaw.com
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