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.

advertisement
Tax Glossary

Miscellaneous itemized deductions

Generally, itemized deductions for job and investment expenses subject to a 2% of adjusted gross income floor.

More terms