Is Life Insurance Proceeds Taxable?
- sarahmckinley0811
- Nov 22, 2024
- 1 min read
Normally, life insurance death benefit is not taxable.
If you cash in a cash value policy, then any amount above premiums paid in will be taxable.
top of page
Search
Recent Posts
See All
He doesn’t owe tax after his IRA was forfeited to the federal government. He went to jail, and the feds took the IRA funds. The IRA...
bottom of page
Comments