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Get your taxes done using TurboTax
Yes, the lump sum benefit will be taxable income if you paid the premium with pre-tax monies. See below links.
If premiums were paid with after-tax monies, then the lump sum would not be taxable.
https://www.growingfamilybenefits.com/cancer-insurance-taxable/
https://www.irs.gov/publications/p525/ar02.html
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May 31, 2019
9:35 PM