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badams2011
Level 2

Life insurance

My dad passed away this year and I am one of his beneficiaries. Do I need to pay taxes on the life insurance check that I received? How do I go about doing that?

posted
‎October 25, 2023 11:13 AM
last updated ‎October 25, 2023 11:13 AM
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evelynm
Employee Tax Expert
Employee Tax Expert

Life insurance

Hello: 

The life insurance proceeds you received are generally not taxable.   There are some exceptions which likely do not apply to you - see the link below for further details:

 

https://turbotax.intuit.com/tax-tips/general/is-your-life-insurance-taxable/L0GiBZdB6#GoTo-Non-taxab...

Have an amazing day. Evelyn M (CPA 20+ years)
I would love a thumbs up 🙂 + Mark the post that answers your question by clicking on "Mark as Best Answer"
‎October 25, 2023 11:18 AM
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