Hello All, My job reimburses up to $250 for joining a gym or weight watchers, etc, my question is they put the money in my paycheck and took taxes. Is this how it normally works? Thanks in advance. I am in Massachusetts if that matters
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Hello All, My job reimburses up to $250 for joining a gym or weight watchers, etc, my question is they put the money in my paycheck and took taxes. Is this how it normally works? Thanks in advance. I am in Massachusetts if that matters
Yes, that is now it normally works.
Physical fitness training and/or weight reduction programs do NOT fall under the normal tax-free medical costs.
Hence, any incentive to join such programs are taxable income.
Thank you, I thought because it was reimbursement it shouldn't be taxed because I was already taxed on my money and then just reimbursed.
Sorry, the reimbursement is EXTRA compensation provided by the employer as a reward for an encouraged activity.
Quote:
Originally Posted by AtlantaTaxExpert
Thanks Again (We can never get out of paying taxes)
What's better more money or less what difference if its taxed you still have more in your pocket
yes, it is taxable, sorry I wish it was not either. For example the company car I drive, I have to track milage personal and business, The value of the personal usage is taxable
Why is everyone trying to get out of taxes yes I know there to high but look at our national debt who should pay for it? And by the way anyone here who votes vote for anything other than a dem or repub?
Erik:
I understand your frustration, but this is NOT the forum to vent on national policy or politics.
It is a TAX forum, so let's just discuss taxes, okay?
Still tax is policy and trying to get out of paying a little extra tax when someone gives you a little extra money is wrong.
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