MARITAL DEDUCTION
\mˈaɹɪtə͡l dɪdˈʌkʃən], \mˈaɹɪtəl dɪdˈʌkʃən], \m_ˈa_ɹ_ɪ_t_əl d_ɪ_d_ˈʌ_k_ʃ_ə_n]\
Definitions of MARITAL DEDUCTION
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A deduction allowed by the federal estate tax laws for all property passed to a surviving spouse who is a U.S. citizen. This deduction (which really functions as an exemption) allows anyone, even a billionaire, to pass his or her entire estate to a surviving spouse without any tax at all.
By Oddity Software
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.