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When you turn 18 do you have to return any unused money you haved received as a ss death benefit?
Wiki User
∙ 13y ago
no
Wiki User
∙ 13y ago
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Do you have to file tax return on death benefits received from life insurance?
If the benefit is payed directly to the beneficiary then it should not be taxable. If the benefit is payed to the estate then that amount could be taxable. It is best to review beneficiaries at least once a year.
What is an increasing death benefit option?
The death benefit options may vary depending upon the type of life insurance purchased and the available policy provisions. A basic death benefit will provide a face amount or specified amount that remains level throughout the period of coverage. Other death benefit options provide for an increasing death benefit that includes a specified amount in addition to the accumulated cash value in the policy. Another type of death benefit option may provide for a return of premium payments in addition to the specified amount of coverage. See link for source
Are death benefits received from a veba taxable to the beneficiary of a member?
Death benefits are never taxable as long as you never deducted the premiums on your tax return.
What are the ratings and certificates for Death Benefit - 1996 TV?
Death Benefit - 1996 TV is rated/received certificates of: Australia:M Australia:PG (video rating) Germany:12 Iceland:12 UK:15 (video premiere) USA:PG-13
Are death benefit 's from a pension plan taxable?
Yes they are and usually the 1099-R box 7 code is 4 DEATH BENEFIT and the gross amount and the taxable amount is included on the pension and annuity income line of the 1040 tax return that you are using.
What is increasing death benefit?
That is where the death benefit in a life policy increases over a period of time.
Is the 250 dollar death benefit taxable?
The 250 death benefit from the SSA is not taxable income.
When was The Return of the Black Death created?
The Return of the Black Death was created in 1998.
The name of the check a wife gets due to the death of her husband?
A check received by a wife on the death of her husband could be from several sources, a life insurance policy, a death benefit from an employer, social security or retirement fund, or several other misc. sources.
What percentage of people with life insurance actually receive death benefit?
"Usually, a person has life insurance on himself. In that case, he would not receive the death benefit but his stated beneficiaries will receive the death benefit. " Can you answer the question : how many Whole life / Universal Life/ Cah Value pilicies pay death benefit to beneficiaries?
What life insurance option allows someone to apply dividends to the policy to increase the death benefit?
The option to increase the death benefit with dividends is called "paid-up additions". If you select "paid-up additions" then dividends will purchase additional death benefit which will increase the total death benefit of the policy. This will also increase the cash value of the policy.
How does a tornado benefit the world?
Tornadoes do not benefit the world. The bring destruction, death, and trauma.
