Employer-paid premiums on life insurance are not taxable to employees if the coverage does not exceed:

Name: Employer-paid premiums on life insurance are not taxable to employees if the coverage does not exceed:
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According to the IRS, employer-paid premiums on a group term life insurance policy are not taxable to employees if the coverage does not exceed $50,000. Anything over $50,000 is subject to taxation, and the employer must include the amount in the employee's income as imputed income.

Employer-Paid Premiums on Life Insurance Are Not Taxable to Employees