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November 16, 2022
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Money I received from my mother's life insurance policy this year

  • November 16, 2022
  • 2 replies
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Do I claim money I received from my Mother's life insurance policy when she passed away this year?  Is so, how.

    Best answer by Corrlich44

    HI Chris59,

     

    The answer would be NO as you most likely are viewed as a beneficiary on a policy she paid for, whereby inheritances are considered non-taxable to you.

    2 replies

    November 16, 2022

    HI Chris59,

     

    The answer would be NO as you most likely are viewed as a beneficiary on a policy she paid for, whereby inheritances are considered non-taxable to you.

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    November 16, 2022

    Nope. Life insurance is tax free!