There are two false tax rumors that have been circulating around and troubling clients. To set the record straight, a brief explanation of both rumors is provided below.
False Rumor #1 – “Employer-paid health insurance benefits will be taxable in 2011.”
Not true! Starting in 2011, the amount of employer-paid healthcare benefits was to be included on the W-2 as an information entry, but is not included in the taxable wages on the…
- 4 Nov, 2010
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