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Imputed income is the taxable amount of group term life insurance when the value of the benefit exceeds $50,000. This amount must be reported as compensation (on the employee’s W-2) and is subject to Social Security, Medicare tax, and if applicable, Medicare surtax.

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  • What is imputed income
  • What are the 4 requirements to providing group term life insurance coverage on a tax-free basis
  • How to calculate imputed cost
  • What type of group term life insurance plans are subject to imputed income rules
  • How to avoid imputed income

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Taxability of Group Term Life Insurance Benefits
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