are life insurance proceeds taxable
are life insurance proceeds taxable
Asked on 3/25/08, 11:53 pm
1 Answer from Attorneys
Re: are life insurance proceeds taxable
Life insurance proceeds are not subject to income taxes, but they are subject to estate taxes if there is a taxable estate (over $2,000,000 in 2008).
Answered on 3/26/08, 11:14 pm