Jamie L. asked

💰  Tax

My wife passed away in February and had life insurance through her employer, which used Prudential. I took the lump sum. Will I have to pay taxes on it? I read that it is not taxable income.

September 1st, 2023

Tina H. answered

Life insurance proceeds are generally not taxable income. You do not need to report them on your tax...

September 1st, 2023

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