Decedent (IRD) Deduction

Business, Legal & Accounting Glossary

Definition: Decedent (IRD) Deduction


Decedent (IRD) Deduction


Full Definition of Decedent (IRD) Deduction


An Internal Revenue Service (IRS) term that shows the amount of inherited income that was actually earned by a decedent and that will be subject to federal income tax by the recipient / beneficiary. In this case, IRD represents the term Income in Respect of a Decedent.


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Modern Language Association (MLA):
Decedent (IRD) Deduction. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/decedent-ird-deduction/.
Chicago Manual of Style (CMS):
Decedent (IRD) Deduction. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/decedent-ird-deduction/ (accessed: March 28, 2024).
American Psychological Association (APA):
Decedent (IRD) Deduction. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/decedent-ird-deduction/

Definition Sources


Definitions for Decedent (IRD) Deduction are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.