Letter M
tax
Marital Deduction
An unlimited estate and gift tax deduction for transfers to a U.S. citizen spouse under IRC Sections 2056 and 2523, effectively deferring transfer tax until the surviving spouse's death.
Related terms
More legal terms starting with M
Looking for citation help? How to cite law · Citation methodology
See also: Full glossary index
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.