Applicable exclusion amount

{
  "id": "MLC-T-LAW-000539",
  "term": "Applicable exclusion amount",
  "field": "Law",
  "definition": "The total value of assets that an individual can transfer during their lifetime or at death without incurring federal estate or gift taxes. This amount is adjusted periodically for inflation and is often referred to as the unified credit exclusion amount. For 2024, the applicable exclusion amount is $13.61 million per individual.",
  "url": "https://mlchart.com/terminology/law/applicable-exclusion-amount/"
}