Death and taxes

[her209]

Do your loved ones have to pay your income taxes if say, you died on the eve of December 31st?

 

[HyTekJosh]

I don't think so but it will probably come out of your estate?

 

[FoBoT]

nobody has to pay 'your' taxes, you do

 

[compuwiz1]

Originally posted by: HyTekJosh
I don't think so but it will probably come out of your estate?

Relatives are not held accountable for a deceased's financial obligations, except from a moral sense of duty standpoint. The bill collectors cannot make you pay a dead person's bills, unless you signed on as an obligor, or you have a joint tax liability, such as a husband and wife.