23 Feb File That Final Tax Return Five reasons death and a tax return makes sense
|If a parent or loved one died this past year, you may wish to consider filing a final tax return even if not technically required to do so.
When a deceased’s estate is more than the federal threshold of $5.45 million in 2016, an estate tax return is required. This limit requires only a small percentage of taxpayers to file an estate tax return. Filing requirements change if your state’s estate tax threshold is at a lower dollar amount.
Five reasons to file a final return
If you have questions regarding your situation, please ask for help.