What Is Imputed Income For Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    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
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