by mariettacp | Jun 29, 2011 | Money Tips, Tax Tips
What should you do if you think you might be one of the people for whom the tax cost of employer-provided group term life insurance is undesirably high? First, you should determine if this is actually the case. If a specific dollar amount appears in Box 12 of your...
by mariettacp | Jun 27, 2011 | Money Tips, Tax Tips
Does your employer provide you with group term life insurance? If so, and if your salary is higher than $50,000, this employee “benefit” may be creating undesirable income tax consequences for you. Here’s why. The first $50,000 of group term life insurance...
