Submitted By: someone
Answered: June 16, 2019 9:30 pm

Is the union-provided death benefit I received as a surviving spouse taxable?

The exclusion of up to $5,000 for death benefits no longer applies. It had applied only for employees who died before August 21, 1996. Only a death gratuity paid to a survivor of a member of the Armed Forces continues to be excludable from gross income.

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Tax Glossary

Inclusion amount for leased cars

Based on an IRS table, an amount that reduces a business deduction taken for payments on an auto leased for a minimum of 30 days.

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