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.
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Tax Glossary
Required Minimum Distributions (RMDs)
Distributions that must be taken annually to avoid a 50% IRS penalty by a traditional IRA account holder starting with the year age 70?
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