Group Term Life Insurance Table 1 Costs

The end of the 2016 tax year is an appropriate time to review the procedures to determine imputed income on group term life insurance.
Many employers provide group term life insurance plans at no premium cost to employees. The value of the first $50,000 of employer-provided benefit is excluded from the gross income of a covered employee. Amounts in excess of $50,000 must be imputed as income to the employee in the employee’s taxable wages. These costs are determined by rates established by the IRS and are more commonly known as Table 1.
Click here to see Table 1.

2 thoughts on “Group Term Life Insurance Table 1 Costs

  1. ultimateshop says:

    I absoilutely love yoսr website.. Veery nice colors & theme.
    Ɗid you develop thіs website youгѕelf? Please reply
    back as I’m planning to creаte my oԝn website and woᥙld lіke tօ find out where yoᥙ ցot this
    from or what thhe theme іs named. Cheers!

    Feel ffee to surf tߋ my web-site – ultimateshop

Leave a Reply

Your email address will not be published. Required fields are marked *