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What is the effect of group life term insurance in the company to employee tax?

  

What is the effect of group life term insurance in the company to employee tax?

Postby heath50 » Fri Aug 10, 2012 10:38 pm

In the US if the insurance is based on certain factors which guarantee the highly compensated don't get an unfair benefit, it' not taxable to the employee. For example, if everyone received free group life insurance in the same amount say $50,000. That would not be a taxable benefit.
heath50
 
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