Q: Are procedes from life insurance taxable in california
A: Good news. Generally no, if you received the proceeds from a policy that you were not paying the premiums.
A: No, generally, life insurance proceeds are not taxable in California, unless the premiums were deducted from your income on W-2. There are no estate tax in California either, and with proper planning a life insurance proceeds may be exempted from the Federal estate tax as well. Good luck.
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