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MaggieS
Jun 10, 2010, 12:14 PM
My employer pays my benefits 100% while the other employees pay a percentage. Is this considered taxable income

jef1056
Jun 10, 2010, 12:20 PM
No not usually but it can depend on the benefits.

MaggieS
Jun 10, 2010, 12:22 PM
No not usually but it can depend on the benefits.

It's the standard benefits, medical, dental and vision. I do not have to pay any employee contributions while others do. So, it's not considered a bonus?

jef1056
Jun 10, 2010, 12:50 PM
Not in most states. Some do regulate Health contributions so as not to disciminate against lower compensated employees.
For tax purposes benefits are not considered compensation.
If you have a concern you can have them paid as a bonus and then run them through your 125 plan and they would be tax free.

Fr_Chuck
Jun 10, 2010, 03:07 PM
In all states I have worked, there is no taxes paid on benefits

jef1056
Jun 10, 2010, 03:57 PM
Premiums on group life over $50,000 is taxable.
Portion of Health, Dental etc. premium for a non IRS qualified dependent. Such as domestic partner etc. is taxable.
Some other non mainstream benefits may be taxed.