Do I have to pay tax on veterans life insurance proceeds?
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| Veterans life insurance proceeds and dividends are not taxable either to the veterans
or to their beneficiaries. This is also true of the proceeds of a veterans’
endowment policy paid before death. Interest on insurance dividends you leave on deposit with the
Veterans Administration is not taxable on your tax return. |
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Related tax
information about veterans life insurance |
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Are veterans benefits taxable?
Are Veterans Administration rehabilitation payments taxable?
Is interest on veterans insurance
dividends taxable?
Is military retirement pay taxable?
Income Related Questions and Answers |
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IRS publications about veterans life insurance:
For further tax information about veterans life insurance
see
IRS Publication 17,
Your Federal Income Tax. |
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Ask Julian Block your IRS and tax questions! |
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If you can't find the answer to your IRS or tax question in our
web you can call former IRS Special Agent and one of the country's foremost tax attorneys, nationally syndicated columnist ("The Tax
Adviser") Julian Block. Julian is also the tax Editor of Mutual Funds Magazine, America's premier investment magazine. To
call Julian for a tax consultation click
here. |
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