Originally posted by herdfan06:
Originally posted by alphasig1053:
Originally posted by herdfan06:
It does not appear so, not that it would really make a difference.
Yes it does because the IRS considers it to be employer provided if it is, which is the entire reason that it would be taxed over the 50k.
I meant that comment in regards to my taxable income, my 401(k) and Health Insurance have a decent impact on reducing my taxable income, whether or not the AD&D is pre-tax or post-tax has no noticeable impact on my taxable income.
I do appreciate your input on this and the information you are providing; however, I think you are missing my original question. I am confused as to why this is considered a taxable benefit in the first place, at least taxable to me.