Money I received from my mother's life insurance policy this year

Chris 59 · ‎November 16, 2022

Do I claim money I received from my Mother's life insurance policy when she passed away this year? Is so, how.

Corrlich44 · ‎November 16, 2022

HI Chris59,

The answer would be NO as you most likely are viewed as a beneficiary on a policy she paid for, whereby inheritances are considered non-taxable to you.

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Corrlich44 · ‎November 16, 2022

HI Chris59,

The answer would be NO as you most likely are viewed as a beneficiary on a policy she paid for, whereby inheritances are considered non-taxable to you.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

ztshapiro · ‎November 16, 2022

Nope. Life insurance is tax free!

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Money I received from my mother's life insurance policy this year