2007-04-30 05:24:44 · 4 answers · asked by Chief 1 in Business & Finance ➔ Taxes ➔ United States
They are a one time deduction for the first time you die.
2007-04-30 05:36:31 · answer #1 · answered by ewtaylor2001 5 · 0⤊ 7⤋
They are deductible by the estate on the Estate Tax Return and will reduce the taxable value of the estate. The are NOT deductible on any individual income tax return, including the decedent's final return.
2007-04-30 06:32:48 · answer #2 · answered by Bostonian In MO 7 · 6⤊ 0⤋
if you didn't have life insurance and everything was paid out of pocket then yes, its a medical expense. if you did have life insurance so the funeral was paid thru that then you can claim your premiums that were paid every month for that year.for having the life insurance.
2007-04-30 05:45:55 · answer #3 · answered by Celz 2 · 0⤊ 9⤋
No.
2007-04-30 05:32:54 · answer #4 · answered by bernice l 4 · 2⤊ 2⤋