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posted Oct 5, 2020 8:08:40 AM

I received a claim of $2000.00 from Aflac Insurance do I need to report the money?

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Level 15
Oct 5, 2020 8:15:11 AM

Do you have to claim money from Aflac on taxes?
No, generally. The proceeds of an accident and health policy, like AFLAC are not reportable as income so long as you did not deduct the premiums, and so long as this is not an employer provided fringe benefit.
 
 

1 Replies
Level 15
Oct 5, 2020 8:15:11 AM

Do you have to claim money from Aflac on taxes?
No, generally. The proceeds of an accident and health policy, like AFLAC are not reportable as income so long as you did not deduct the premiums, and so long as this is not an employer provided fringe benefit.