Marital deduction is a type of tax law that allows a person to give assets to his or her spouse with reduced or no tax imposed upon the transfer. Some marital deduction laws even apply to transfers made postmortem.
marital deduction
provision in the federal estate and gift tax law allowing spouses to transfer unlimited amounts of property to each other free of tax.
Marital deduction
Definition: [crh] A tax deduction that allow spouses to transfer unlimited amounts of property to one another.
Marital deduction
A tax deduction that allow spouses to transfer unlimited amounts of property to one another.
Marital trust ...
Marital deduction. The deduction that allows any amount of property to go from one spouse to the other -- via lifetime gifts or bequests -- free of federal gift or estate taxes.
Marital Deduction
For estate tax and gift tax purposes, a deduction that allows you to transfer assets to your spouse tax-free.
Marital Deduction: One of the primary deductions for married decedents is the Marital Deduction. All property that is included in the gross estate and passes to the surviving spouse is eligible for the marital deduction.
Marital Deduction
A tax deduction that allows an individual to transfer some assets to his or her spouse tax free, creating a reduction in taxable income. A marital deduction is mainly used for the purposes of estates and gifts.
Unlimited marital deduction
Absetzung für Abnutzung (German: depreciation deduction)
Deduction for Clean-Fuel Vehicles ...
Unlimited marital deduction
An Internal Revenue Service provision that allows an individual to transfer an unlimited amount of assets to a spouse, during life or at death, without incurring federal estate or gift tax.
In short, the marital deduction means that one spouse can leave the other all of his or her assets free of estate tax.
marital deduction The estate tax provision that allows the spouse of a decedent to receive all assets free of federal estate taxes.
MARITAL DEDUCTION A provision of the Federal Tax Code that provides an unlimited deduction from Federal Estate Taxes to qualified transfers of property between a husband and wife.
If your spouse isn't a US citizen and your estate is large enough to risk being vulnerable to estate taxes, you can use a qualified domestic trust (QDOT) to allow your spouse to enjoy the benefit of the marital deduction until his or her own death.
Property that qualifies for the marital deduction provided the property passes from a decedent to a surviving spouse, ...
(QDOT) A trust arrangement where a noncitizen spouse can take advantage of the unlimited marital deduction.
Insurance covering loss or damage to goods in transit.
Marital deduction
A tax deduction that allow spouses to transfer unlimited amounts of property to one another.
Marital trust ...
This provision of the estate tax is known as "unlimited marital deduction". There are numerous other deductions associated with the estate tax, and the tax law governing them can be quite complex.
The grantor of a Q-Tip trust directs the income generated from the assets to their spouse for life, but has the power to distribute the assets upon the death of the spouse. The trust qualifies the grantor for unlimited marital deductions if the ...
 See also: Banks, Expense, Unit investment trust, Portfolio theory, Margin account
  
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