Health Insurance Benefits on Form W-2…Taxable To Me?

I’ve been getting a lot of emails and phone calls about the new IRS requirement to report health benefits on your W-2 form that you use to prepare your income taxes.

There apparently are some emails out there saying that, because of this, you will have to pay tax on your ‘pre-tax’ benefits. This is NOT true. The reporting is for information purposes only, it will not go on your tax return.

Feel free to contact me if you have questions on this or any other area of taxes, business or life.

Bob

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