Solved: Cancer policy proceeds taxable?

posted

As long as you did not deduct the premiums and it was not a fringe benefit provide by your employer.

If both you and your employer have paid the premiums for the plan, only the amount you receive from your proceeds that is due to your employer’s payments is reported as income.

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As long as you did not deduct the premiums and it was not a fringe benefit provide by your employer.

If both you and your employer have paid the premiums for the plan, only the amount you receive from your proceeds that is due to your employer’s payments is reported as income.