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Do you have to pay taxes on a life insurance policy 2024?

Owen Gonzales | 2023-05-07 11:59:23 | page views：1916
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Emily Johnson

Works at Google, Lives in London.
Generally, life insurance proceeds you receive as a beneficiary due to the death of the insured person, aren't includable in gross income and you don't have to report them. However, any interest you receive is taxable and you should report it as interest received.
2023-05-08 11:59:23
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Benjamin Bennett

QuesHub.com delivers expert answers and knowledge to you.
Generally, life insurance proceeds you receive as a beneficiary due to the death of the insured person, aren't includable in gross income and you don't have to report them. However, any interest you receive is taxable and you should report it as interest received.
Life Insurance & Disability Insurance Proceeds | Internal Revenue ...
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