Does Life Insurance Go On Your W2? 
According to www.irs.gov , $ 50,000 or less of group-term life insurance that is carried directly or indirectly by the employer -LRB- meaning the employer pays for some or all of the life insurance for employees OR arranges for the premiums paid by at least one employee to subsidize the premium for at least one other employee -RRB- , does not have any tax consequences . Life insurance coverage over $ 50,000 that is carried directly or indirectly by the employer , will include on the W2 the amount of the premiums that is taxable to the employee . A policy that is not carried directly or indirectly by the employer has no tax consequences to the employee . 