Are life insurance proceeds income taxable?

Are life insurance proceeds income taxable?

In general, life insurance proceeds paid to you because of the death of the insured are not subject to federal income tax. To qualify for such favorable tax treatment, the life insurance contract must meet certain IRS requirements.

Post-Deadline Tax Tips

The tax filing deadline has come and gone. If you didn’t file a tax return or an extension but should have, you need to take action now.

Income Tax Planning And 529 Plans

Income Tax Planning And 529 Plans

There are two types of 529 plans — savings plans and prepaid tuition plans. The federal income tax treatment of these plans is identical.

What’s the Deal with Municipal Bond Funds?

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Choosing an Income Tax Filing Status

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