When Is Group Term Life Insurance Taxable?
- 63333 POINTSContact Meview profilePeggy MacePROMost of the U.S.Group Term Life insurance is taxable beyond the first $50,000 benefit per IRC Section 79 of the IRS. This is whether the employer is paying the full premium for the life insurance, or is providing the policy to the employee at group rates. The first $50,000 is not taxed.Answered on July 17, 2013+01 0+1 this answerflag this answerview more answers by Peggy Mace
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