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Taxable Life Insurance Cost Calculator

The IRS considers the annual cost of employer-provided death benefit protection in amounts over $50,000 to be “imputed income.” This income is taxable to the employee and must be reported to the IRS on Form W-2. See Federal Reporting Requirements for Churches for more information.

As always, contact us at 800.986.6222 or service@mmbb.org with any questions. Our ministry is to serve you!

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