Income in Respect of a Decedent
Income the person earned but had not received by death, which is taxed when it is paid out.
What Income in Respect of a Decedent means in an estate
Income in respect of a decedent (IRD) is money the deceased was owed but had not yet received, such as a final paycheck, unpaid interest, or a traditional retirement account. Unlike most inherited assets, IRD does not get a stepped-up basis, so the person or estate that receives it owes income tax on it. Retirement accounts are the most common example.
How this works in your state
The concept is national, but the forms, procedure names, thresholds, and filing practice vary by state. Open your state glossary and guides to see how income in respect of a decedent is handled where the estate is being settled.
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Information current as of April 4, 2026
Settled Estate is not a law firm, and this content is for informational purposes only and does not constitute legal advice. Probate laws and procedures in your state can change. Consult with a qualified attorney for advice specific to your situation. Full disclaimer.