1. 63333 POINTS
    Peggy Mace
    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
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