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Death benefit exclusion
Last Updated March 21, 2009
Death benefits that can be excluded from income.
The beneficiary of a deceased employee (or former employee), who died before August 21, 1996, may qualify for a death benefit exclusion of up to $5,000.
The beneficiary of a deceased employee who died after August 20, 1996, will not qualify for the death benefit exclusion.
Additional Helpful Information
- The death benefit exclusion was repealed under the Small Business Job Protection Act of 1996, Pub. L. 104-188 ( SBJPA) , for participants who died after August 20, 1996
- This exclusion does not apply to IRAs