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January 29, 2021
Question

Do I need to file for 2020? I receive SSDI and got $16,700 last year. I received $16,300 in Life insurance. Most of it went to the funeral home. Also $1,200 stimulus.

  • January 29, 2021
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    1 reply

    January 29, 2021

    Please use this link for an interactive questionnaire from the IRS that will tell you if you need to file a tax return:

     

    https://www.irs.gov/help/ita/do-i-need-to-file-a-tax-return

     

    Proceeds from a life insurance policy are not normally taxable.

     

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