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16+ types of employee benefits you should consider

Genesis HR Solutions

Employees don’t pay taxes on this money, which means they save an amount equal to the taxes they would have paid on the money you set aside. Health Savings Account (HSA). 401(k) & 403(b) Retirement Plans. A 401(k) or a 403(b) is a retirement plan named for the section of the tax code that governs it. (

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9 Nontaxable Employee Benefits for Maximizing Your Income and Workplace Satisfaction

Empuls

This allows them to allocate more funds toward their financial goals, whether it be saving for retirement, paying for education, or meeting daily expenses. Other advantages of non taxable employee benefits: Cost savings for employees. Additionally, employers can deduct the cost of providing health insurance as a business expense.