1. 63254 POINTS
    Peggy MacePRO
    CEO and Senior Agent, Outlook Life, Inc, Most of the U.S.
    Imputed means being assessed to have a certain cash value. When you receive employer-sponsored group life insurance over $50,000 the IRS considers that "imputed income" and taxes you for it. Even though you don't receive cash, you are taxed as if you received cash in an amount equal to the value of this coverage.
    Answered on May 1, 2013
  2. Did you find these answers helpful?

Add Your Answer To This Question

You must be logged in to add your answer.

<< Previous Question
Questions Home
Next Question >>