Wellness Program Incentives May Be Taxable
In a recently issued memo addressing the taxation of wellness program rewards, the IRS stated that, while de minimis benefits do not result in taxable income, cash rewards, as well as reimbursement of premiums paid by salary reduction through a cafeteria plan, are taxable as compensation and subject...
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| Veröffentlicht in: | The Journal of corporate accounting & finance 2016-11, Vol.28 (1), p.96-99 |
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| Format: | Artikel |
| Sprache: | eng |
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| Online-Zugang: | Volltext |
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| Zusammenfassung: | In a recently issued memo addressing the taxation of wellness program rewards, the IRS stated that, while de minimis benefits do not result in taxable income, cash rewards, as well as reimbursement of premiums paid by salary reduction through a cafeteria plan, are taxable as compensation and subject to employment taxes. |
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| ISSN: | 1044-8136 1097-0053 |
| DOI: | 10.1002/jcaf.22211 |