MLchartDataset catalogue

Marital deduction

Term · Law · MLC-T-LAW-003153

A provision in estate and gift tax law that allows a taxpayer to transfer an unlimited amount of assets to their spouse free of federal estate or gift tax. This deduction applies to transfers made during life or at death, provided the recipient spouse is a U.S. citizen. The assets transferred become part of the surviving spouse's taxable estate upon their death.

Table 1. Record
IdentifierMLC-T-LAW-003153
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003153",
  "term": "Marital deduction",
  "field": "Law",
  "definition": "A provision in estate and gift tax law that allows a taxpayer to transfer an unlimited amount of assets to their spouse free of federal estate or gift tax. This deduction applies to transfers made during life or at death, provided the recipient spouse is a U.S. citizen. The assets transferred become part of the surviving spouse's taxable estate upon their death.",
  "url": "https://mlchart.com/terminology/law/marital-deduction/"
}

Record 3,118 of 5,441 in Law terminology (MLC-0107). Request the full dataset.