What do i do on my tax return with a $16000.00 life insurance payout. what are the laws in NJ is this a gift ??

Life insurance death benefits are generally excluded from income tax to the beneficiary. Since the beneficiary is yourself, you shouldn't have to...

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I summited an Affidavit to become a Voluntary Administrator of my aunt's estate and was made Voluntary Administrator of her

I'm assuming you filed this in Westchester County. You are correct about the 30k maximum for the small estate program was set up: 1) If the person...