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New Member
posted Jun 4, 2019 1:50:37 PM

Group term life insurance over 50000 if I pay the premiums is it taxable

My employer left off my group term life insurance amount to enter into the tax return. How do I figure out the amount to enter

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1 Replies
New Member
Jun 4, 2019 1:50:38 PM

Generally if you are paying for life insurance premiums over $50,000 with after tax dollars, the payments are not taxable.