Insuring Families for Their Future Act of 2007
Last action on Jan 10, 2007Referred to the House Committee on Ways and Means.
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Summary
Insuring Families for Their Future Act of 2007 - Amends the Internal Revenue Code to increase from $50,000 to $320,000 the amount of employer-provided group term life insurance that an employee can exclude from gross income. Indexes the $320,000 amount for inflation for taxable years beginning after 2007.
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