Unlimited Marital Deduction


Definition of "Unlimited marital deduction"

Christine Downing-Hughes
  Keller Williams / Exemplary Real Estate

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.


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