Since I’m now 76 years old I may pay more attention to dying than I should, but this tax deductible thing came across my desk so I thought I’d share it for other 76 year-olds out there. The info comes from Tributes.com.
It is a common misconception that burial or funeral expenses, including the cost of a cemetery plot are tax deductible. They are not deductible on that deceased taxpayer’s individual return, or if married and filing jointly the couple’s tax return.
It figures. But I suppose I needn’t worry much, you have to have an income in order for it to be taxed.
I think President Obama and Senator Harry Reid ought to take a look at this and consider including funeral expenses as a tax deduction. Times being what they are widows could use the deduction. Women generally out live their husbands and need whatever financial breaks they can get.
What do you think?
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It’s a shame that a loved one’s funeral has such a nasty effect on the living. I just spent $7600 on my wife’s mother’s funeral. Why on earth is this not a deduction? If NOBAMA fixes this, I just might like him afterall.