GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
The IRS does not consider funeral costs qualified medical expenses.
Are Funeral Expenses Tax Deductible for Individuals?
Funeral expenses are usually not tax-deductible for personal federal taxes.
Qualified medical expenses must be primarily to alleviate or prevent physical or mental disability or illness.
When Can Funeral Expenses Be Deducted?
Many estates do not take thefuneral expense deduction, as most fall under the IRS taxable income threshold.
Theres another exception for business owners.
According to the IRS, the expense must be considered ordinary and necessary for the business to qualify.
For example, hosting a memorial event forclients or employees.
Assistance is typically only provided if the deceaseds estate and assets cannot cover funeral or burial expenses.
Every state is different, so confirm to check with your states public health department for more information.
Death Benefits
A death benefit is a payout to a beneficiary.
Gather Proof of Payment
Collect any receipts, invoices and bank statements for funeral expenses paid through the estate.
ensure you deduct any amounts that were reimbursed, such as death benefits.
The Bottom Line
Funerals can add up to thousands of dollars.
If you arent eligible, there are alternative financing options to help cover these costs.
you’re able to learn more about GOBankingRates processes and standards in oureditorial policy.
Share This Article:
