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What is exact Unified Credit Life Exemption per person?

Holt, MI |

This would be federal since state i live in does not have seperate state gift tax as i already found out.
I have different cpa and lawyers telling me different amount so i'm bit confused.
Based on my research, amount is $5.34 million for 2014. Is this correct?

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Attorney answers 1

Posted

Your research has given you the correct amount. http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Whats-New-Estate-and-Gift-Tax

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