APPLICABLE EXCLUSION AMOUNT
applicable exclusion amount.Tax. The dollar value of an estate that is exempt from federal
estate and gift taxes. See unified estate-and-gift-tax credit under TAX CREDIT. [Blacks Law 8th]
applicable exclusion amount.Tax. The dollar value of an estate that is exempt from federal
estate and gift taxes. See unified estate-and-gift-tax credit under TAX CREDIT. [Blacks Law 8th]