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Taxes on Benefits for widow

My husband passed away Jan 2023. I was listed as the beneficary of his life insurance policies,his pension and investment accounts. Should I have to pay taxes on any of these? I didn't think life insurance policies were taxable. He owned the policies at the time of his death, I was just the beneficary. 

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1 Reply
PatriciaV
Expert Alumni

Taxes on Benefits for widow

No, life insurance payments are not taxable. You pay no inheritance or other taxes for assets inherited from your spouse.

 

Condolences on the loss of your husband.

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