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QUESTION DETAIL
Related User
Votes
My employer pays for our group term life insurance policy. I'm wondering if the amount of premiums paid by my employer will ever become taxable?
ANSWER
The BIDaWIZ Team's Answer:
Actual employer provided life insurance premiums paid annually may be subject to taxes for the insured. Specifically, IRC Section 79 imposes a tax if the employer provides the employee with group-term life insurance premiums in excess of $50,000 (less any premium the employee pays).
