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New Member
posted Feb 24, 2026 8:57:57 AM

Taxes

Do I have to pay taxes on a lump sum from critical illness insurance that my company paid for? It was a free benefit from my work

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1 Replies
Employee Tax Expert
Feb 24, 2026 9:01:38 AM

If your lump sum payment is taxable, you should have received a Form 1099-MISC. Check with the company that issued the payment.