Tax Tips for Surviving Spouses

How to pass on more than $10 million estate-tax-free.

(Image credit: alexskopje)

Nothing may be certain but death and taxes, but the tax man is immortal. You’ll need to report your spouse’s income on final federal and state tax returns (they can be joint returns) for the year of death. The estate may have to file returns, too, if it receives much income before it’s settled.

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Jane Bennett Clark
Senior Editor, Kiplinger's Personal Finance
The late Jane Bennett Clark, who passed away in March 2017, covered all facets of retirement and wrote a bimonthly column that took a fresh, sometimes provocative look at ways to approach life after a career. She also oversaw the annual Kiplinger rankings for best values in public and private colleges and universities and spearheaded the annual "Best Cities" feature. Clark graduated from Northwestern University.