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death

Do I have tonpay tax on inherited insurance money payout as I'm the only beneficiary/child?

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death

The proceeds of a life insurance policy are not taxable.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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2 Replies

death

The proceeds of a life insurance policy are not taxable.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

death

No tax would be required for that payment. 

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