Meaning Unified Credit
What does Unified Credit mean? Here you find 4 meanings of the word Unified Credit. You can also add a definition of Unified Credit yourself
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Unified CreditThe amount each person is allowed to deduct from federal estate taxes owed after death. In 2012, the credit is $1,772,800. This is the amount of estate taxes that would be due on $5,120,000 in net assets. After applying this credit, the result is that $5,120,000 is "exempt" from estate taxes in 2012.
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Unified Credita tax credit applied against the unified transfer tax that is a cumulative credit gradually reduced by the amount of credit allowed for gifts made in preceding calendar periods NOTE: The total ...
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Unified CreditA one-time credit of $192,800, usually applied against Federal Estate Taxes, that is available to every individual's estate. The credit also can be used for payment of Federal Gift Taxes during t [..]
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Unified CreditA one-time credit, usually applied against Federal Estate Taxes, that is available to every individual's estate. The credit also can be used for payment of Federal Gift Taxes during that individu [..]
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