Skip to main content
Level 2
March 3, 2025
Question

Imputed income & IRA contribution

  • March 3, 2025
  • 2 replies
  • 14 views

Can Taxable Imputed Income (for Group Term Life Insurance) support an IRA contribution as Earned Income for a retired individual ?

    2 replies

    Level 15
    March 3, 2025

    Yes, provided it is reported as compensation by it being included in your wages income reported in box 1 on your W-2 form.

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
    DaveMRAuthor
    Level 2
    March 5, 2025

    Thanks very much for the reply ThomasM125