Sunday, October 20, 2019
Section 79 — Section 79 Plans
Section 79 — Section 79 Plans: Section 79 is the section of IRS Code that encourages/allows employers to offer life insurance along with health insurance to their employees. The tax deduction for it is in section 162 of the code. The rules are that you can deduct the premium cost for $50,000 of group life insurance for each employee. When hearing what…
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