Basic Federal Income Taxation: Gross Income: Life Insurance Proceeds

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This lesson will guide students in the proper calculations concerning the taxation of life insurance payments. Questions cover Internal Revenue Code section 101 and other related sections.

Learning Outcomes
On completion of the lesson, the student will be able to:
1. Explain when death benefits are included in gross income.
2. Explain when interest payments received on life insurance proceeds are taxable to a beneficiary.

20 minutes

Basic Federal Income Taxation: Gross Income: Life Insurance Proceeds
by
James Edward Maule
Professor of Law
Villanova University School of Law


Charlene D. Luke
Professor and Associate Dean for Tax Programs
University of Florida College of Law



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Version 9/30/2020