Q:

Are funeral expenses tax-deductible?

A:

Quick Answer

According to Intuit Turbo Tax, an individual taxpayer is not permitted to deduct funeral expenses on a tax return. A taxpayer can only deduct funeral expenses as part of an estate. Internal Revenue Service regulations state that most taxpayers do not qualify for this deduction.

Continue Reading

Full Answer

If a taxpayer used the estate's fund to pay for the cost of a funeral, the taxpayer needs to use Form 706 to determine the tax liability of the estate and Schedule J to report the funeral expenses. The funeral expenses need to be itemized. This deduction, if used, helps to lower the taxable income of the estate, according to Intuit Turbo Tax.

Learn more about Taxes

Related Questions

  • Q:

    Where do federal taxes get mailed?

    A:

    Where federal tax returns get mailed depends on factors such as where a taxpayer lives and the type of tax return, such as one filed by an individual compared with one a corporation files, says the IRS. Whether a payment is enclosed also affects the mailing address.

    Full Answer >
    Filed Under:
  • Q:

    What is the IRS 5071C letter?

    A:

    The IRS 5071C letter is a letter sent to taxpayers by the IRS to verify a taxpayer's identity after the IRS received a tax return with the taxpayer's name and Social Security number. The letter is used to help identify potential identity theft.

    Full Answer >
    Filed Under:
  • Q:

    What is an identification verification IRS government letter?

    A:

    When the Internal Revenue Service believes that a tax return was filed under a stolen identity, it suspends processing of the paperwork and mails an identity verification letter to the taxpayer, according to the IRS. The letter, identified in the upper right corner, is a 5071C.

    Full Answer >
    Filed Under:
  • Q:

    What information is required to fill out a 1040 Schedule A form?

    A:

    A taxpayer needs information regarding the deductions he plans to take using Schedule A, such as medical expenses, taxes, interest, charitable gifts and losses from casualty or theft, according to TurboTax. Work-related expenses and certain miscellaneous items are also deductible. The form only requires information for the deductions the filer actually takes.

    Full Answer >
    Filed Under:

Explore