If I had to withdraw from an IRA to travel for a family funeral, can I deduct that?

by Thomas N. Alvaré, CPA | Jan 17, 2019

I had to withdraw from an IRA to travel for a family funeral. Is there a deduction for that?

Funeral expenses are a nondeductible expense if paid by individuals, regardless of the source of funds. However, an estate may be able to deduct funeral expenses from the estate tax return if paid by the decedent’s estate. Such a deduction is valuable, though only if the estate is large enough to be taxable.

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Answered by: Thomas N. Alvaré, CPA, is managing principal with JFS Wealth Advisors in Doylestown, Pa.

The responses are based on the limited information provided by the questioner and apply the laws and regulations at the time of posting. Other options could arise as rules and regulations may change over time, including but not limited to the passage of the Tax Cuts and Jobs Act of 2017. They are intended to provide general information, not specific accounting or tax advice; they are not intended or written to be used and cannot be used for the purpose of avoiding or evading taxes or penalties under the IRS code or regulations. Views expressed do not imply an opinion of the PICPA, its officers, directors, employees, or members.
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