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  2. Employer transportation benefits in the United States

    en.wikipedia.org/wiki/Employer_transportation...

    An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.

  3. Internal Revenue Code section 132(a) - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    An employer-paid bicycle commuter benefit qualified between January 1, 2009, and December 31, 2017. [2] [17] Provision of tax-free qualified transportation fringe benefits to employees on or after January 1, 2018 is not tax-deductible to the employer as an ordinary business expense. [18]

  4. Employee benefits - Wikipedia

    en.wikipedia.org/wiki/Employee_benefits

    Normally, employer-provided benefits are tax-deductible to the employer and non-taxable to the employee. The exception to the general rule includes certain executive benefits (e.g. golden handshake and golden parachute plans) or those that exceed federal or state tax-exemption standards.

  5. Taxes 2023: Changes To Note if You Have Household Employees

    www.aol.com/finance/taxes-2023-changes-note...

    If you pay household employees qualified sick and family leave wages in 2023 for leave taken after March 31, 2020 and before October 1, 2021, you can claim a credit for the wages in 2023. Minimum Wage

  6. Employee compensation in the United States - Wikipedia

    en.wikipedia.org/wiki/Employee_compensation_in...

    Many employer-provided cash benefits (below a certain income level) are tax-deductible to the employer and non-taxable to the employee. Some fringe benefits (for example, accident and health plans, and group-term life insurance coverage (up to US$50,000) (and employer-provided meals and lodging in-kind, [22]) may be excluded from the employee's ...

  7. Is Social Security Taxable? How Social Security Benefits ...

    www.aol.com/finance/social-security-income...

    For the 2023 tax year, your employer has to stop taking out Social Security taxes when your income surpasses $160,200. You're still obligated to pay the taxes on all income less than that amount.