marital deduction

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Marital deduction

A tax deduction that allow spouses to transfer unlimited amounts of property to one another.

Marital Deduction

A deduction one may take when one transfers assets to one's spouse. All gifts and other transfers to a spouse are tax free; one may take advantage of this to reduce one's taxable income (within certain limits). Most marital deductions occur when one is planning one's estate.

marital deduction

The deduction for tax purposes of property transferred between spouses. For estate and gift purposes, all transfers between spouses are free of federal taxation.

marital deduction

For estate tax and gift tax purposes, the 100 percent deduction granted for assets passing to spouses.

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Marital Trust Marital-Deduction Trust QTIP trust Qualified Domestic Trust trust Unlimited Marital Deduction			Example Four: Determination of Net Income of an Estate in Marital Deduction Instances Mom's will makes an outright pre-residuary gift to Son of an amount equal to her unused applicable credit amount under Internal Revenue Code [section]2010 (note this gift is not phrased with reference to "the maximum amount that can pass without causing estate tax in my estate" or the like) and the residue of her estate remains in trust for Husband as a "residuary trust. Things that may surprise you about Florida's Principal and Income Act ... by Carroll, William C.; Randolph, John W., Jr. / Florida Bar Journal One of the primary deductions for married decedents is the marital deduction. Time to repeal? It's unclear whether estate tax will be repealed in ... by Katzenstein, Andrew M. / California CPA The decedent's estate claimed an estate tax marital deduction for the present value of the income interest in the CLAT passing to the family foundation. Be careful making disclaimers where trusts are involved by Ransome, Justin P. / The Tax Adviser			Margin Agreement Margin Call Margin Department margin exercise Margin Loan Margin of Profit Margin of Safety Margin Requirement Margin Requirement Options Margin Security Margin Stock Margin Trading Marginal Marginal Cost Marginal Efficiency of Capital marginal land Marginal Propensity to Consume marginal release Marginal Revenue marginal tax rate Marginal Utility Margine di contribuzione Marigold Marine Cargo Insurance Marine Mammal Protection Act marital deduction Marital Status Marital Trust Marital-Deduction Trust Maritime Administration Mark Mark Adelson Mark to Market Mark to the Market Mark-to-Market Mark-to-Market program Markdown Marked-to-Market Marker market Market Analysis Market Arbitrage Market Averages Market Bottom Market Breadth Market Break Market Capitalization Market capitalization rate Market check Market Clearing market comparison approach			Marist College North Shore Marist Father Marist Fathers Marist Institute for Public Opinion Marist Mission Centre Marist Missionary Sister Marist Sisters' College Woolwich Marist Young Adult Ministry Marists Marit Ann Bolseth Addison Marit to Marion MARITA MARITA maritage Maritagium Maritain Maritain Maritain, Jacques marital marital marital marital adjustment scale marital bed Marital Bypass Trust Marital Bypass Trusts Marital Cohesion marital communications privilege marital communications privilege Marital Comparison Level Index marital deduction Marital Deduction Trust Marital Deduction Trusts Marital Deductions Marital Deductions Marital infidelity Marital infidelity Marital life estate Marital portion Marital Quality Index Marital rape marital relationship Marital Rights Marital Self-Disclosure Questionnaire Marital Settlement Agreement Marital Standard of Living marital status marital status marital status marital status marital therapy marital therapy marital therapy marital therapy Marital trust Marital Trusts marital-deduction trust Marital-Deduction Trusts maritally maritally maritally

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