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St is smart question

Posted by Truman Feb 22 '24, 08:14

So if a company is setting up employee benefits, and one of the benefits is a say $100 monthly benefit that pays for supplemental insurance (like AFLAC) is that a taxable benefit to the employee?

If they dont use it they dont get it.

trying to help a friend setup their company.

Responses:

google Section 125 plan (a cafeteria plan can be set up that uses pre-tax money) -- (edited) - decline Feb 22, 08:48 1
- keep in mind that HCE's can't do this (so if your friend is the owner or a sole owner/operator there is no benefit to doing this) -- (edited) - decline Feb 22, 08:52
My personal experience is that any such monthly benefit is taxable income. - Mop🧹 Feb 22, 08:47
Isn't this the type of question that ST would normally ask you? -- nm - Roger More Feb 22, 08:43 2
- heh, this is what I was thinking -- nm - JaxSean Feb 22, 09:11 1
  - He taught us well! -- nm - Spawn Feb 22, 09:13
I say, yes, ST is smart. -- nm - Spawn Feb 22, 08:18 1
- to be honest I was expecting more of a "you have friends?" response from you. -- nm - Truman Feb 22, 08:19

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St is smart question

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