Making Your Tax Bracket Work Have you explored all your options when it comes to managing your taxable income? Share | Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Content When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. Life and Death of a Twenty Dollar Bill How long does a $20 bill last? Will Power Preparing for the eventual distribution of your assets may not sound enticing. But a will puts the power in your hands.