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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 MatchesDividends 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. Tax deductionTax deductionA provision of the tax code that specifies an amount by which a taxpayer's tax base will be reduced in return for some behavior, resulting in a lowering of the amount of tax paid that depends on their tax rate. Itemized deductionItemized deductionSpecific deductions allowed by the IRS outlined in the tax return. Tax deductionTax deductionAn expense that a taxpayer is allowed to deduct from taxable income. Standard deductionStandard deductionThe IRS-specified amount by which a taxpayer is entitled to reduce income an alternative to itemizing deductions. Further SuggestionsInterest deductionmortgage interest deduction Unlimited marital deduction certificate of deduction of tax deduction Deduction Mortgage interest deduction |
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