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If you terminate a cancer ins policy and get a refund check for the premeiums you paid in is the amount of the refund taxable Do you have to report it as income and pay taxes on it?
Wiki User
∙ 16y ago
No.
Presuming it was paid with after tax money (money you already paid tax on)...the return of that money is not taxed.
Wiki User
∙ 16y ago
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