Applicable Exclusion Amount $5.25 Million for 2013 Deaths

The applicable exclusion amount will be $5.25 million for deaths in 2013.  This is derived from the 2011 base amount of $5 million plus the adjustmentfor inflation.  (The amount was $5.12 million for deaths in 2012.)

See Joint Committee on Taxation,Overview of the Federal Tax System as in Effect for 2013, at 14.