Are Life Insurance Payouts Taxable In Florida?

1. 

   63333 POINTS

   

   Contact Peggy Mace Contact Peggy Mace by filling out the form below

   
   Name
   

   
   Email
   

   
   Phone Number
   

   
   Message
   

   Please leave this field empty.
   

   Δ

   Contact Me

   view profile
   Peggy MacePRO

   Most of the U.S.

   Life insurance payouts are not taxable in Florida or any other state, in regard to income tax. If the life insurance is left to a beneficiary who is a person, as opposed to leaving it to the estate, then that person will not have to pay income taxes on the life insurance payout.

   Answered on July 21, 2013

   +1

   1 0

   +1 this answer

   flag this answer

   view more answers by Peggy Mace
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.