What GROUP TERM LIFE INSURANCE means: Life insurance coverage purchased by an employer for a group of employees. Such insurance is renewable on a year-to-year basis and does not accumulate in value; that is, no cash surrender value is built up. The premiums paid by the employer on such insurance are usually not taxed to an employee unless coverage exceeds $50,000.
- Definition General Rule:
- Dictionary The method of determining the taxable part of a pension used when the taxpayer is not eligible to use the simplified method group term life insurance definition.
- Definition Gross Rents:
- Dictionary Total income from rents before expenses or the depreciation or cost recovery deduction group term life insurance explain.
- Definition Government Bonds Issued At A Discount:
- Dictionary Government bonds (Series E and EE) are issued at a discount and do not pay interest during the life of the bond. Instead, the bonds are redeemable at increasing fixed amounts. Thus, the difference group term life insurance what is.
- Definition Gift:
- Dictionary property from one person or entity to another without consideration or compensation. For income tax purposes, the words "gift" and "contribution" usually have separate meanings group term life insurance meaning.
How works Group Term Life Insurance meaning in Tax definitions G .
