The unified tax credit effectively nullifies the taxes on the first $5.49 million of one's estate.

Name: The unified tax credit effectively nullifies the taxes on the first $5.49 million of one's estate.
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The unified tax credit, also known as the estate tax exemption, currently allows individuals to exempt up to $5.49 million (as of 2017) from federal estate taxes. This means that the taxes on the first $5.49 million of one's estate would be effectively nullified.

The Unified Tax Credit Effectively Nullifies the Taxes on the First