Managing Federal Taxes on Life Insurance Proceeds

Name: Managing Federal Taxes on Life Insurance Proceeds
Item: Managing Federal Taxes on Life Insurance Proceeds
Author: Nathan Paulus

ByNathan Paulus

Reviewed byStacy Mastrolia

Contributions by6+ experts

ByNathan Paulus

Reviewed byStacy Mastrolia

Contributions by6+ experts

Updated: March 31, 2024

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About Nathan Paulus

Nathan Paulus is the Head of Content Marketing at MoneyGeek, with nearly 10 years of experience researching and creating content related to personal finance and financial literacy.

Paulus has a bachelor's degree in English from the University of St. Thomas, Houston. He enjoys helping people from all walks of life build stronger financial foundations.

sources

AARP. "17 States with Estate or Inheritance Taxes." Accessed November 17, 2022.
Federal Reserve. "Changes in U.S. Family Finances from 2016 to 2019: Evidence from the Survey of Consumer Finances." Accessed November 16, 2022.
Internal Revenue Service. "Estate Tax." Accessed November 17, 2022.
Internal Revenue Service. "IRS Provides Tax Inflation Adjustments for Tax Year 2023." Accessed December 19, 2022.
Internal Revenue Service. "Life Insurance and Disability Insurance Proceeds." Accessed November 19, 2022.
Internal Revenue Service. "Survivors, Executors and Administrators." Accessed November 16, 2022.