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

Name: For Federal estate and gift tax purposes, the exclusion amount is the same thing as the exemption equivalent.
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The exclusion amount and the exemption equivalent both refer to the amount of assets that can be transferred without being subject to estate or gift tax. These terms are used interchangeably in federal tax law.

For Federal Estate and Gift Tax Purposes, the Exclusion Amount