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Glossary · tax

Portability (of estate-tax exemption)

In plain English

A surviving spouse can inherit the unused portion of the deceased spouse's federal estate-tax exemption.

If your spouse dies without using their full exemption, you can preserve the unused amount (the "DSUE") for your own estate — but only if an estate-tax return (Form 706) is filed for the first spouse, even when no tax is owed.

References

Educational information only. Mister AMS is not a law firm and does not give legal, tax, or financial advice. For your situation, consult a licensed professional admitted in your state.
Portability (of estate-tax exemption) | Mister AMS