Are probate costs tax deductible?

Answer Probate is the legal process of distributing an estate of a deceased person, and the legal verification of a will. Probate costs are tax-deductible, as are the administrative costs during the proce... Read More »

Top Q&A For: Are probate costs tax deductible

Are settlement costs deductible?

On One Hand: Deductibility RestrictionsWhen an individual takes out a mortgage to finance the purchase of a home, many expenses are deductible if they file an itemized tax return. However, most of ... Read More »

Are moving costs deductible?

If you moved for job purposes and meet the criteria set out by the Internal Revenue Service (IRS), you may be able to deduct certain expenses related to the move on your federal income taxes.Geogra... Read More »

Are funeral costs deductible?

Many medical expenses are tax deductible. These include doctors' fees, prescription drugs, hearing and seeing aids, and hospital stays. Other deductible miscellaneous expenses include gambling loss... Read More »

Are closing costs tax deductible?

"Closing costs" is the catch-all name for the taxes, fees and other items that a home buyer must pay when closing a mortgage loan. Several of the biggest costs you pay at closing are deductible on ... Read More »