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
Retirement savers credit
Eligible taxpayers may claim a tax credit for 10%, 20%, or 50% of up to $2,000 of retirement plan contributions.
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