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According to the National Funeral Directors Association’s (NFDA) 2023 Member General Price List Study, the median cost of a funeral with a casket and burial has risen to $8,300, reflecting a 5.8 ...
The average funeral costs between $7,000 and $12,000. This includes a viewing, funeral service, preparation, transportation, a casket and burial. It does not include the cemetery plot, flowers or ...
The Funeral Rule, enacted by the Federal Trade Commission on April 30, 1984, and amended effective 1994, is a U.S. federal regulation designed to protect consumers by requiring that they receive adequate information concerning the goods and services they may purchase from a funeral provider. All U.S. funeral providers must comply with The ...
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Between the years of 1990 and 2018, the overall average inflation rate was 2.3% per year while the average inflation rate for funeral expenses was 3.7% per year. [23] According to the U.S. Bureau of Labor Statistics, this means that the average cost of a funeral in 2018 is 177.4% more expensive than a funeral in 1990. [23]
t. e. Under United States tax law, itemized deductions are eligible expenses that individual taxpayers can claim on federal income tax returns and which decrease their taxable income, and are claimable in place of a standard deduction, if available. Most taxpayers are allowed a choice between itemized deductions and the standard deduction.
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