A unified credit is available for gift and estate taxes. The credit offsets tax up to the applicable exclusion amount or exemption amount. The exemption amount was set at $5 million in 2011 and was indexed for inflation in later years. The federal estate tax exclusion amount for 2017 was $5,490,000 ($10,980,000 for married taxpayers). In 2018, the exemption amount was subject to the doubling of the base exemption from $5 million to $10 million and was $11.18 million per person ($22.36 million for Married Filing Jointly). In 2019 the exclusion amount was adjusted upward to $11.4 million per person ($22.8 million for Married Filing Jointly). The marginal tax rate for income in excess of the exemption amount remains at 40%.