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If the PS58 costs are for the cost of group-term life insurance beyond $50,000 of coverage, then your employer should have reported it on your W-2 as part of your compensation as a fringe benefit. This information would then be reported on your tax return when you enter your wages.
Please see Table 2-1 as well as the footnotes for more details under the section titled Group-term life insurance coverage.
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‎July 15, 2024
10:05 AM