As a mover and a shaker at your company, you’re doing yourself a disservice if you don’t try to latch onto every perk that comes your way. Why? Because a tax-free benefit can be more valuable than a raise in salary.
Here’s a baker’s dozen of the key that may be available to you at work. (This doesn’t include retirement plans, which are treated separately.)
For the most part, these bennies are tax-free, so long as your company doesn’t discriminate in favor of its highest-paid employees. In a few cases though, the company can restrict the benefits to a select few … even just yourself!
1. Health insurance. It’s the biggest benefit for many employees, but it’s often taken for granted. The premiums an employer pays under a health insurance plan are 100 percent tax-free to the employees and deductible by the employer. Similarly, employer reimbursements for medical expenses are generally tax-free to employees, as ar...(register to read more)