The unified tax credit
A) Allows individuals to give $14,000 tax-free each year to as many people as they like.
B) Ensures that almost half of any amount that you pass on beyond the first $3.5 million of an estate will be lost in taxes.
C) Lets money be passed down from a grandparent to a grandchild tax-free.
D) Essentially nullifies the taxes on the first $5.34 million of an estate.
Answer: D
Business
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