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Marital deduction |
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Marital deductionA tax deduction that allow spouses to transfer unlimited amounts of property to one another.Marital deduction Similar MatchesMortgage interest deductionMortgage interest deductionA federal tax deduction for interest paid on a mortgage used to acquire, construct, or improve a residence. DeductionDeductionIn the US, an expense allowed by the Internal Revenue Service which is deducted from adjusted gross income to establish taxable income. These include interest payments and state and local taxes. The equivalent term in the UK is 'tax allowance', and the main one is the 'personal allowance' of tax-free income which every individual is entitled to. Dividends received deductionDividends received deductionA corporate tax deduction on income allowed by company A that is in ownership of shares of company B and receives dividends on the shares of company B. Itemized deductionItemized deductionSpecific deductions allowed by the IRS outlined in the tax return. Interest deductionInterest deductionAn interest expense, such as interest on a margin account, that is allowed as a deduction for tax purposes. Further Suggestionsmortgage interest deductionDeduction Standard deduction Tax deduction certificate of deduction of tax Unlimited marital deduction Tax deduction |
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