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Do you have to pay income tax on life insurance policies 2024?
life insurance taxable income does
Questioner：Harper Gonzalez 2023-05-07 11:59:47
The most authoritative answer in 2024
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Scarlett White——Studied at University of Cambridge, Lives in Cambridge, UK
Generally speaking, when the beneficiary of a life insurance policy receives the death benefit, this money is not counted as taxable income, and the beneficiary does not have to pay taxes on it. However, a few situations exist in which the beneficiary is taxed on some or all of a policy's proceeds.read more >>+119962023-05-14 11:59:47
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