What is the unified tax credit? How does it change federal gift and estate taxes?

A unified tax credit can reduce or eliminate your federal tax obligation while also integrating federal gift and estate taxes into one unified tax system. The extent of the benefit provided by the unified tax credit depends on the tax year in which you intend to use the credit. If you need more information about the unified tax credit, use our free legal tool below.

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UPDATED: Jun 29, 2022

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