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January 17, 2025
Question

Taxable income

  • January 17, 2025
  • 1 reply
  • 0 views

I received a check from an insurance company that I paid premiums for 25 years ($12,000) Dumb question but do i need to pay taxes on that money? Is it considered Income for this year?

    1 reply

    DoninGA
    Employee
    January 17, 2025

    What was the reason you received this amount from the insurance company?