Can someone tell me what effect reporting the value of a health ins plan
MissB
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Fri Mar-26-10 11:11 PM
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| Can someone tell me what effect reporting the value of a health ins plan |
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on w-2's will have? Is it just a reporting mechanism, or is the amount reported as income?
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| SharonRB
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Fri Mar-26-10 11:15 PM
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| 1. From what I understand, it's just a reporting mechanism |
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It's not added to income -- it's not going to be taxed, until 2018 when the amount of benefits over the set limit will be taxed.
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| MissB
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Fri Mar-26-10 11:21 PM
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That is what I thought, but of course I couldn't pick that out of the CNN article!
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