Submitted By: someone
Answered: March 25, 2020 2:48 am

Are funeral expenses tax deductible?

For income tax purposes, you cannot deduct funeral and burial expenses. If the decedent’s estate was large enough to be subject to federal estate tax, then these costs are deductible on the estate tax return, Form 706. The threshold for filing a federal estate tax return is $11.4 million for a decedent dying in 2019 and $11.58 million for a decedent dying in 2020.

advertisement
Tax Glossary

Earned income

Compensation for performing personal services. You must have earned income for a deductible IRA or to claim the earned income credit.

More terms