- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
So you confirmed that the $545.87 was removed from Wages the first time around? That would be good.
As for the code C, do you still have a taxable cost of group-term life insurance coverage over $50,000? If you have group life insurance from your employer for more than $50,000, you have to pay the tax on the premium for the amount over $50,000, so the code C amount should be added to Wages.
When they removed the C, did they remove the amount of taxable premium from Wages? Or was it never there in the first place?
As for the code C, do you still have a taxable cost of group-term life insurance coverage over $50,000? If you have group life insurance from your employer for more than $50,000, you have to pay the tax on the premium for the amount over $50,000, so the code C amount should be added to Wages.
When they removed the C, did they remove the amount of taxable premium from Wages? Or was it never there in the first place?
‎June 4, 2019
7:18 PM