Artículo Figuring the taxable cost.. Figuring the taxable cost.

id="en_US_2025_publink1000171255"> Figuring the taxable cost. Use Worksheet 5-1 to figure the amount to include in your income. Worksheet 5-1. Figuring the Cost of Group-Term Life Insurance To Include in Income 1. Enter the total amount of your insurance coverage from your employer(s) 1. _____ 2. Limit on exclusion for employer-provided group-term life insurance coverage 2. 50,000 3. Subtract line 2 from line 1 3. _____ 4. Divide line 3 by $1,000. Figure to the nearest tenth 4. _____ 5. Go to Table 5-1 . Using your age on the last day of the tax year, find your age group in the left column, and enter the cost from the column on the right for your age group 5. _____ 6. Multiply line 4 by line 5 6. _____ 7. Enter the number of full months of coverage at this cost 7. _____ 8. Multiply line 6 by line 7 8. _____ 9. Enter the premiums you paid per month 9. _____ 10. Enter the number of months you paid the premiums 10. _____ 11. Multiply line 9 by line 10 11. _____ 12. Subtract line 11 from line 8. Include this amount in your income as wages 12. _____ Table 5-1. Cost of $1,000 of Group-Term Life Insurance for 1 Month Age Cost Under 25 $ 0.05 25 through 29 0.06 30 through 34 0.08 35 through 39 0.09 40 through 44 0.10 45 through 49 0.15 50 through 54