Small Business Podcast
I will podcast about bookkeeping, payroll, and taxes for small to medium size business and issue for small businesses.
Small Business Podcast
Is Life Insurance Taxable?
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Paul and Gabriela
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In general, life insurance death benefits paid to a beneficiary as a lump sum are not considered taxable income for federal tax purposes. However, taxes may apply in specific situations involving interest accumulation, how the policy is accessed, or how it is structured within an estate.