Definitions for "Marital deduction"
A tax deduction that allow spouses to transfer unlimited amounts of property to one another.
tax provision that allows one spouse to transfer upon death an unlimited amount of property to his/her spouse without incurring estate or gift tax. see also deduction
A tax rule that allows assets to pass between spouses free from federal estate and gift taxes. If either spouse is not a U.S. citizen, however, different rules apply.
Keywords:  mark, trust, market
Marital trust Mark to market