0
If you cash in variable policies on your children must you pay taxes if you paid more than you received?
Wiki User
∙ 8y ago
Sounds like a yes to me. Check with your CPA. For more details see www.steveshorr.com/life.htm
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
How much do you get back in taxes for children?
I have received 2,000 each to 2 of my children.
Does the beneficiary of a life insurance policy have to pay taxes on the proceeds?
The answer to the question of whether or not beneficiaries have to pay taxes on the money received from life insurance policies is: no they will not have to.
Are payroll taxes variable or fixed?
Taxes are fixed, but may change at anytime.
Is property taxes a variable cost?
no....its a fixed cost
Contractionary policies are?
fiscal policies, like lower spending and higher taxes, that reduce economic growth
Contractionary policies are _____.?
fiscal policies, like lower spending and higher taxes, that reduce economic growth
Do you have to pay taxes on estate money received?
Yes, you will have to pay taxes on any estate money received.
What are some examples of taxes received by the local government?
state taxes
Do you have to pay taxes on gifts received?
no
What did Ronald Reagans economic policies do?
They increased defense spending and lowered taxes.
Received a payout from aflac after having policy for 20 years do i have to pay taxes on the money received?
No, not unless you deducted the cost of the insurance on your taxes.
What were President Reagan's economic policies?
Low taxes and cutting government spending.
