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File That Final Tax Return – Five reasons death and a tax return makes sense
File That Final Tax Return – Five reasons death and a tax return makes sense Often when a loved one dies, a final tax return is not required. Here are five good reasons to consider filing the tax return even when one is not needed. 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. Background 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