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Cash in on top perks for company bigwigs

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in Employee Benefits Program,Human Resources

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 fringe benefits 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)

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