Text size Share Print

Submitted By: Helen
Answered: April 15, 2014 8:30 am

Is the $255 death benefit from Social Security that I received when my spouse died taxable?

No. This lump-sum death payment is tax free.

Tags: Social Security Benefits

Ask JK

Advanced

Is income averaging still available? 25k views
Where do I report income from my corporation on Form 1040? 12.6k views
I paid a convenience fee when I charged my property taxes. Can I deduct this fee? 7.7k views
I sold some municipal bonds at a loss. Can I deduct the loss? 7.3k views

advertisement

Featured Books

J.K. Lasser's Guide to Self-Employment: Taxes, Strategies, and Money-Saving Tips for Schedule C Filers

Barbara Weltman

$19.95

buy now

Learn more

View all books Next Book

Tax Glossary

Earned income

Compensation for performing personal services. You must have earned income for a deductible IRA or to claim the earned income credit.

More terms Next Term