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Are proceeds from a wrongful termination lawsuit taxable income?
Wiki User
∙ 11y ago
Yes
Wiki User
∙ 11y ago
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Are lawsuit proceeds taxable for back wages?
yes
Are the proceeds of an endowment policy taxable?
Proceeds of an endowment policy is not taxable. Regardless of a person's tax rate, proceeds of an endowment policy is tax free. ?æ
Are wrongful death settlements in Arizona taxable?
Yes, they are.
Are the penalties from a lawsuit taxable?
The penalties from a lawsuit is considered taxable income. The amount of tax depends on the amount of the settlement.
Is income from a lawsuit taxable?
Yes, any income no matter how you make it is taxable.
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Not the entire proceeds, just the capital gain.
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is pod incme taxable to the reciever?
When there is no beneficiary listed on a life policy do the proceeds go to the estate?
Yes. The proceeds will become part of the taxable estate.
Are life insurance proceeds taxable for the care of an individual in a nursing home?
if they are death benefit proceeds no. if it is cash value proceeds then any withdrawals over the premiums paid are taxable, any loans on the cash value are not taxable. if it is a hybrid/combo life/long term care policy, then no they are not. all of this is assuming that the policy was paid with after tax dollars, not pre tax.
Is insurance cash value paid to insured taxable?
are paid up insurance proceeds paid to the living person insured taxable
Are refinancing proceeds in excess of costs taxable?
Never subject to income tax
Are there any options to keeping cash surrender proceeds from being currently taxable?
They are only taxable to the extent that you are getting more than you paid in.
