In General or primarily tha expenses for funeral are tax deductible only if the expenses are incurred from the decendant Estate property.
it is important to note that these expenses are never deductible if paid by an individual tax payer.it is to note that the expenses incurred are eligible for deduction only in case of crossing threshold limit that is, The estate must be large enough to attract tax liability. then only the expenses incurred are tax deductible from the tax liability.
Therefore estates that meet taxable treshold limit take an advantage by deducting funeral expenses.generally these treshold limits are quite high.
Get Answers For Free
Most questions answered within 1 hours.