This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
Tax on the fringe benefit explained with examples
The article outlines which employer-provided benefits are non taxable and which are taxable. It enumerates categories such as no additonal cost services, qualified employee discounts, working condition fringes, and de minimis fringes, with examples like free lodging and personal use of company aircraft. It notes that higher value benefits, including company cars for commuting, remain taxable and may affect income. It also describes education assistance rules and when reimbursements are excluded or included in income. For more details, the IRS Publication 525 is available via 1-800-424-3676.
MENTIONED IN THIS ARTICLE
Internal Revenue Service Tollfree