Lump-sum distributions of death benefits are generally excluded from federal income tax.

Name: Lump-sum distributions of death benefits are generally excluded from federal income tax.
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Lump-sum distributions of death benefits are generally excluded from federal income tax. However, there may be exceptions or special circumstances where a portion of the death benefit may be subject to taxation, so it is always best to consult a tax professional for guidance.

Lump-Sum Distributions of Death Benefits Are Generally Excluded from Federal