Gap Insurance refund

AndrewA87 · Jul 17, 2025 4:37:42 AM

<P>I received a Gap insurance refund check for a travel trailer that I paid off. </P><P>Would that be considered taxable income?</P>

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

Would that be considered taxable income?

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

2 Replies

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

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

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