Applicable Unified Credit

By: Martin M. Shenkman, CPA, MBA, JD

The unified credit is the amount of estate tax credit that is available to your estate to eliminate the estate tax your estate would pay on the applicable exclusion amount, which includes the basic exclusion amount (i.e., $5 million, indexed, of taxable estate (loosely, assets) and the deceased spouse’s unused exclusion amount. The applicable credit amount is $1,730,800 on the basic exclusion amount and 35% (the marginal tax rate) multiplied by the amount of your deceased spouse’s unused exclusion.

Our Consumer Webcasts and Blogs

Subscribe to our email list to receive information on consumer webcasts and blogs, for practical legal information in simple English, delivered to your inbox. For more professional driven information, please visit Shenkman Law to subscribe.

Ad Space