Generally, the value of this plan provided by your employer is not included in your income. However it may be taxable, if it is sickness and injury benefits.
There are some sub-components for accident or health plan, such as Long-term care coverage, health savings accounts and other tax-favored health plans ( Details see Pub 969). Here I just want to briefly talk about some of them and will elaborate these topics in more details later.
Long-term care coverage
Contribution by employer:
In general, it's nontaxable; but if contributions made through a flexible spending or similar arrangement ( such as a cafeteria plan) , you must include the contribution as your income, reported in W-2, box 1.
Contribution by employee:
Use the rule foe Medical and Dental Expenses (Pub 502)
Archer MSA contributions
Contribution by employer:
Generally, it's nontaxable, reported in W-2, box 12 with code R. You must file Form 8853 with your return.
PSQ
Source: http://www.irs.gov
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