top of page
Rehburg Life Insurance Settlements, Life Settlement Broker, Sell Your Life Insurance Policy, Unwanted Unneeded Life Insurance Policies, Life Insurance Policy, Life Settlement, Lisa Rehburg Broker

Life Insurance Settlements

Lisa Rehburg, Broker

  • Writer's pictureLisa Rehburg

Taxation of Life Insurance Settlement Proceeds Much Better Than It Used To Be

Updated: Sep 3, 2023


1040 tax return
1040 tax return

It is that time of year. Time to talk taxes. The good news is the Tax Cut and Jobs Act has created a much better tax circumstance for clients. In many cases, tax is not owed. Here is an article that shows how the IRS used to tax proceeds and how they do now. In one example, prior to the TCJA , over $19,000 of tax was owed. But after, the tax bill was zero. Questions about taxation of life insurance settlements? Check out this article, and speak with your tax professional.

4 views0 comments

Comments


bottom of page