topic Gap Insurance refund in Get your taxes done using TurboTax

Gap Insurance refund

AndrewA87 — Thu, 17 Jul 2025 11:37:42 GMT

I received a Gap insurance refund check for a travel trailer that I paid off.

Would that be considered taxable income?

robtm — Thu, 17 Jul 2025 13:54:53 GMT

No, that's merely a return of your own money that you previously paid. Refunds of your own money are not taxable.

Opus 17 — Thu, 17 Jul 2025 17:10:36 GMT

It would only be taxable if the refund was more than the premiums you paid, and then only the amount over would be taxable.