Federal Estate Tax Deduction

Federal Estate Tax Deduction means: an itemized deduction to which a beneficiary who receives income in respect of a decedent and is required to include the amount in taxable income is entitled for the portion of the federal estate tax that is allocable to that income.

See Federal Income Tax Law. See also the entry about the Federal Insurance Contributions Act (tax).

Federal Tax Deductions

For information on the different federal tax deductions, click here.