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    MaggieS's Avatar
    MaggieS Posts: 2, Reputation: 1
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    #1

    Jun 10, 2010, 12:14 PM
    My employer pays my benefits 100% is this considered a bonus
    My employer pays my benefits 100% while the other employees pay a percentage. Is this considered taxable income
    jef1056's Avatar
    jef1056 Posts: 70, Reputation: 5
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    #2

    Jun 10, 2010, 12:20 PM

    No not usually but it can depend on the benefits.
    MaggieS's Avatar
    MaggieS Posts: 2, Reputation: 1
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    #3

    Jun 10, 2010, 12:22 PM
    Quote Originally Posted by jef1056 View Post
    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's Avatar
    jef1056 Posts: 70, Reputation: 5
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    #4

    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #5

    Jun 10, 2010, 03:07 PM

    In all states I have worked, there is no taxes paid on benefits
    jef1056's Avatar
    jef1056 Posts: 70, Reputation: 5
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    #6

    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.
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