I jest gut a check frun my late mothes life insurance for 3000.00 ....so i pay income?

Question

so do i pay income tax on that and what about 20 to 25%

Answer 1

Sorry to hear of your loss

No, generally life insurance policies are not taxable, particularly small ones like this intended to pay funeral expenses

Answer 2

Generally, the answer is no.  Interest on life insurance proceeds is taxable, however.  You might wish to refer to the sites below for clarification as to some other exceptions.

Answer 3

Life insurance proceeds are not taxable.

Answer 4

Sorry to hear about your mother's passing.

Life insurance is a great way to pass on wealth.  The benefits are tax free to the beneficiary, so no, you do not owe taxes on that money.