wife was a beneficiary 0n a life insurance policy, do we owe taxes on the pay out

brichards58 — Tue, 10 Mar 2026 06:47:53 GMT

Re: wife was a beneficiary 0n a life insurance policy, do we owe taxes on the pay out

marctu — Thu, 17 Nov 2022 00:14:56 GMT

Generally, life insurance proceeds you receive as a beneficiary due to the death of the insured person, aren't includable in gross income and you don't have to report them.

If there is interest in this payment, this would be taxable and you should report it as interest received.

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wife was a beneficiary 0n a life insurance policy, do we owe taxes on the pay out

Re: wife was a beneficiary 0n a life insurance policy, do we owe taxes on the pay out