Show w Haying Tax By GERALD E. DETERS My partner and I have been carrying a life insurance policy on each other's He was killed in a plane crash last summer and I received from the insurance Do I have to report this money on my tax you do not have to include the insurance proceeds on your tax Life insurance proceeds paid by reason of the death of insured are specifically excluded from gross This exclusion applies regardless of who the beneficiary whether a family member or other a corporation or a I have been told that I have to report as income health and accident Insurance premiums which mv employer has paid for Is this Last year this amounted to a little over Contributions paid by an employer to accident and health to provide compensation for his employees in the event of personal injuries or are not taxable to the They are specifically exempt under the 1954 |