Payments up to a total of $5,000 to the beneficiaries of a deceased employee by an employer because of that employee's death are excludable from income by the beneficiaries if the employee had no right to receive these payments during life.
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Payments up to a total of $5,000 to the beneficiaries of a deceased employee by an employer because of that employee's death are excludable from income by the beneficiaries if the employee had no right to receive these payments during life.
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