"Death and taxes: Americans grapple with filing the final tax return for deceased relatives in a pandemic year"
Synopsis: When someone passes away, their tax headaches don't die with them. In fact, those obligations can further complicate the lives of survivors: Federal estate taxes may be due and state inheritance taxes could come into play as well.
“You still have to reconcile tax liabilities in the year of death when you had income," says Mark Steber, Chief Tax Information Officer at Jackson Hewitt. "Sooner or later someone will have to clean it up, and it usually falls to a family member.”
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