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 refinancing costs tax deductible?

Some refinancing costs are tax deductible while others are not. Any discount points paid on a mortgage debt can be deducted from a borrower's taxes. Additional fees that can be deducted include pre... Read More »

Are medical costs tax-deductible?

The Internal Revenue Service allows many medical expenses as tax deductions provided you itemize your deductions. However, there are rules as to which expenses are deductible and which are not.Sour... 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 »