3 ms·
For what it's worth, food in the United States is very clearly never a part of your agreed-upon compensation in the way that health/retirement benefits are; it
by CydeWeys 6y ago
For what it's worth, food in the United States is very clearly never a part of your agreed-upon compensation in the way that health/retirement benefits are; it is a "team-building office perk" offered by the employer. If it were actually part of your compensation, then you'd be taxed on it.
I know it may be easy to misunderstand this, and to think of it as part of your compensation, because in a way it feels like it, but in a real legal sense as currently structured it very definitely is not part of your compensation.
- ghaff 6y ago>If it were actually part of your compensation, then you'd be taxed on it. Which is a somewhat contentious topic. Not an accountant, but seems to be one of those perks that's right at the very edge of IRS rules. https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/irs-employer-provided-meals-snacks-tax.aspx https://www.shrm.org/resourcesandtools/hr-topics/benefits/pa...
- CydeWeys 6y agoTo be clear, my statement was descriptive of present circumstances, not normative. As you point out this is in flux and may be changing in the future. If food does become a taxable benefit and part of overall compensation, then I might expect to start seeing some people opting out of it entirely.