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"Health insurance is not taxable income, even if your employer pays for it" Source: http://finance.zacks.com/health-insurance-benefits-considered-income-irs-71

• lisper 10y ago
  You're right. I was looking at the IRS site: https://www.irs.gov/businesses/small-businesses-self-employed/employee-benefits https://www.irs.gov/businesses/small-businesses-self-employe... but I didn't read it carefully enough. Health insurance is excluded. Sorry.
  • lotsofpulp 10y ago
    The stupid (or corrupt?) thing is that if a company (especially smaller ones) who want to avoid that administrative overhead of dealing with health insurance nonsense can't simply reimburse the employees some amount for their health insurance without it being subject to tax. This gives larger employers an advantage over smaller ones, and quite frankly keeps up this stupid tradition of having your employer tied to your health care. The right way to conduct this healthcare subsidy experiment we're doing in the US is to have everyone purchase insurance through healthcare.gov and eliminate the pre tax benefits period so as to level the playing field and expose the costs more clearly. Sources: https://www.irs.gov/affordable-care-act/employer-health-care-arrangements https://www.irs.gov/affordable-care-act/employer-health-care... https://www.irs.gov/pub/irs-drop/n-13-54.pdf https://www.irs.gov/pub/irs-drop/n-13-54.pdf
• deleted 10y ago
  [deleted]