I took some money out on a modfied state farm life insurance policy of 2500.00 dollars . is that taxable income?

no

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I took some money out on a modfied state farm life insurance policy of 2500.00 dollars . is that taxable income?

Maybe ... depends on what the distribution was made of ... your contributions or earnings or a combination of both. State Farm will send you a form 1099-R showing the total distribution & the taxable portion ... if you have questions on how much is taxable then direct them to the payer.

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