- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Taxing Healh Benefits
Posted on 6/28/10 at 12:26 pm to PlanoPrivateer
Posted on 6/28/10 at 12:26 pm to PlanoPrivateer
June 14, 2010, 9:00 am
Are Employer Contributions Now Taxable Income?
By MICHELLE ANDREWS
Q.Will my employer change my earnings to reflect an increase? The insurance payment he makes — will this now be considered taxable income? — George Shedlock, Anchorage, Alaska
A.Starting in 2011, the new health law requires employers to begin reporting the value of the health benefits they provide to employees on their W-2 forms — the wage and tax statement you receive to use when filing your taxes.
But the amount on the form is for informational purposes only. As is now the case, you’ll owe no tax on your employer’s contributions to your health insurance. “I think the provision is intended to raise awareness about how much employee health benefits cost,” said Timothy Jost, a law professor at Washington and Lee University.
LINK /
Are Employer Contributions Now Taxable Income?
By MICHELLE ANDREWS
Q.Will my employer change my earnings to reflect an increase? The insurance payment he makes — will this now be considered taxable income? — George Shedlock, Anchorage, Alaska
A.Starting in 2011, the new health law requires employers to begin reporting the value of the health benefits they provide to employees on their W-2 forms — the wage and tax statement you receive to use when filing your taxes.
But the amount on the form is for informational purposes only. As is now the case, you’ll owe no tax on your employer’s contributions to your health insurance. “I think the provision is intended to raise awareness about how much employee health benefits cost,” said Timothy Jost, a law professor at Washington and Lee University.
LINK /
1
Posted on 6/28/10 at 1:33 pm to MSMHater
The health benefits will not be taxed yet. The IRS wants to know how much tax revenue they are losing because of it. You can bet they will be taxed in the near future once the politicians have an estimate of the amount of revenue it will generate.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News