Marital Deductions - Introduction

The Internal Revenue Code gives an unlimited gift and estate tax deduction for all transfers to a spouse whether made during life or death. This means that anyone may give or leave their entire estate to the surviving spouse without gift or estate taxes.

This deduction is deducted from the adjusted gross estate passing to the surviving spouse. It is one of the easiest ways to transfer property to a surviving spouse and avoid (postpone) paying estate taxes. Requirements & Qualifying Transfers

You May Also Like

Related Articles
  1. Trading Strategies

    Adjust Market Strategies To Elevated ...

  2. Fundamental Analysis

    How to Create a Personal Risk Management ...

  3. Investing Basics

    Want to Beat the Market? Take on Some ...

  4. Trading Strategies

    Three Types Of Profit Protection Stops

  5. Professionals

    Worried About Stocks? Try on Convertibles

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!