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	<title>New answer on: Is Employee Life Insurance Deductible?</title>

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		<title>By: Brandon Roberts</title>

		<link>https://insurancelibrary.com/life-insurance/is-employee-life-insurance-deductible</link>

		<dc:creator>Brandon Roberts</dc:creator>

		<pubDate>Sat, 24 Aug 2013 16:16:30 +0000</pubDate>

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		<description><![CDATA[Yes you can deduct premiums for life insurance premiums paid on a group life insurance plan that you offer your employees.  You can deduct premiums that pay for up to $50,000 in death benefit to your employee.  

If you have employees to whom you offer more than $50,000 in death benefit, you can continue to deduct the premium, but the employee will need to recognize the cost of insurance above $50,000 as income (this is referred to as imputed income).  If the employee does not do this, than any death benefit above $50,000 would be taxable as income to the beneficiary.]]></description>

		

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