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Widow's Exemption |
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Widow's Exemption 1. The reduction of a taxable inheritance one receives because one is the widow or widower of the deceased. For example, if a woman passes away and leaves her husband all her assets, the widow's exemption is the amount to which the husband is entitled before he becomes liable to pay inheritance taxes. 2. More generally, any tax deduction given to a widow or widower. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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