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 Glossary   >   M   >   "Marital Deduction" Definition   

        Marital Deduction

A tax reduction that is mainly used for the purposes of estate and gifts. It allows an individual to transfer some assets to his or her spouse tax-free, thus creating a deduction in taxable income.

Marital Deduction


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Marital Deduction - A tax reduction that is mainly used for the purposes of estate and gifts. It allows an individual to transfer some assets to his or her spouse tax-free, thus creating a deduction in taxable income.


Marital Deduction : a tax reduction that is mainly used for the purposes of estate and gifts. it allows an individual to transfer some assets to his or her spouse tax-free, thus creating a deduction in taxable income.