3536144

Imputed income & IRA contribution

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

posted

Connect with an expert

2 Replies

Imputed income & IRA contribution

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"

Imputed income & IRA contribution

Thanks very much for the reply ThomasM125

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post