For Federal estate and gift tax purposes,the exemption equivalent is the same thing as the bypass amount.

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The exemption equivalent and the bypass amount refer to the same thing in the context of federal estate and gift taxes. This refers to the maximum amount that an individual can pass on to their heirs or beneficiaries without incurring federal estate or gift taxes. As of 2021, this amount is $11.7 million per individual.

For Federal Estate and Gift Tax Purposes,the Exemption Equivalent Is