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February 5, 2025
Question

My mother in law passed away and we received $13000 as the only beneficiary on her life insurance plan. Do we need to claim this as income?

  • February 5, 2025
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    February 5, 2025

    Death benefits from a life insurance policy are not taxable and are not reported on your tax return.

     

    Please read this IRS document for more information.

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