<prompt> Human: Its a long story. But basically when my dad died last year he didnt have a will or anything. My stepmom got a payout from his life insurance. At the time she lied and said they had no money and just sent me a box of his old clothes.Due to some other tragedies in my family this past year she finally contacted me and confessed that shed actually gotten a pretty significant payout and she is going to send me and my sister each an amount. Its a pretty good amount and is a huge windfall for me and really desperately needed at this time.Is this taxable? Its not money that specifically left for me. It is money that came from an insurance payout that my stepmom is deciding to give me a portion of.  <response>: You dont pay taxes on gifts you receive. 