Exam term
Group term life tax rule
Employer-paid group term life premiums are deductible to the employer, and the cost of the first $50,000 of coverage is not taxable income to the employee; the cost of coverage above $50,000 is taxable.
Exam term
Employer-paid group term life premiums are deductible to the employer, and the cost of the first $50,000 of coverage is not taxable income to the employee; the cost of coverage above $50,000 is taxable.