Imputed income is the value of the income tax the Internal Revenue Service (IRS) puts on group-term life insurance coverage in excess of $50,000. In other words, when the value of the premiums paid ...

The imputed income from company-provided life insurance is not the amount you are insured for, but the cash value of providing the insurance. Section 79 of the Internal Revenue Code provides ...

Current tax law requires that the “imputed value” of any group term life insurance provided for you by your employer above $50,000 be reported on your W-2 form as taxable income. If you wish to avoid ...

For Basic Life Insurance and AD&D, if the volume of your life insurance exceeds $50,000, you have the option of limiting your coverage [PDF] to $50,000 in order to avoid imputed income. The imputed ...

Certain benefits like health insurance and specific types of life insurance are excluded. Story Continues Here are some common non-cash benefits that are not considered imputed income: ...

Employer-sponsored life insurance over $50K is taxed. The IRS considers excess coverage as imputed income. Imputed income appears on your W-2. The taxable portion of employer-provided life ...