CHAPTER 11: Gifts, Inheritances, and Surviving Your Spouse.

Chapter 11 of the book "Nolo's Essential Retirement Tax Guide" by Twila Slesnick and John Suttle is presented. It explores the value of gifts which are made to individual that does not qualify for tax deduction purposes such as medical expenses. It highlights the inherited property which is not subject to income tax when received. It presents an overview on tax for inherit assets from the spouse which includes filing status and exemptions, standard deductions, and itemized deductions.