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  1. #1
    Join Date
    Sep 2016
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    13,916

    Default Do You Have to Pay Taxes on a Life Insurance Payout

    If you are the beneficiary of a life insurance policy and receive a payment when the insured person passes away, do you have to pay taxes on the money that you receive?

  2. #2
    Join Date
    Sep 2005
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    Behind a Desk
    Posts
    98,846

    Default Re: Do You Have to Pay Taxes on a Life Insurance Payout

    Absent unusual facts, payments made on life insurance after the insured passes away are not taxed. When in doubt, consult a tax professional with the details.

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