Unlimited marital deduction(redirected from Unlimited Marital Deductions)
Unlimited marital deduction
Unlimited Marital Deduction
An exemption that allows spouses to transfer an unlimited amount of property between themselves without incurring the gift tax. Most gifts over a certain (large) amount are subject to the gift tax. In order to prevent this from negatively impacting spouses who have not joined all their property, the unlimited marital deduction exempts married couples from the tax entirely.