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Example of Gifts, Applicable Credit Amount (fka Unified Credit), and Estate Tax Calculation Year2008Subject to Gift tax Tax-free Estate amount$2,000,000 Applicable credit$780,800 I make the

Example of Gifts, "Applicable Credit Amount" (fka Unified Credit), and Estate Tax Calculation Year2008Subject to Gift tax Tax-free Estate amount$2,000,000 Applicable credit$780,800 I make the following gifts: Paid my son's college tuition$25,0000 Gave my adult daughter money$20,0008,000 to pay her medical bills Gave my friend my car$15,000 FMV3,000 Gave to SPCA$50,0000 11000

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