Your Group Life Insurance May Be Taxed

By Keith Rocha | February 25, 2016

According to the IRS life insurance provided by an employer may be taxed. The following information is provided directly from the IRS website:   Group-Term Life Insurance Total Amount of Coverage IRC section 79 provides an exclusion for the first $50,000 of group-term life insurance coverage provided under a policy carried directly or indirectly by…

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