google bot detected Unlimited Marital Deduction | Insurance Glossary |

Unlimited Marital Deduction

Definition of "Unlimited marital deduction"

Deduction allowed for gifts and bequests to a spouse for federal estate and gift tax purposes. Under the Economic Recovery Tax Act of 1981 (ERTA), the deduction became unlimited. Prior to this, there was a dollar and percentage limitation for the marital deduction.

Related Real Estate Glossary terms

Related Real Estate FAQ