What Are fringe benefits? Options, taxability, and other considerations.
Business Management Daily
APRIL 25, 2024
Social security and workers’ comp, for example, aren’t usually bonus options and so are not considered fringe benefits. Basically, the IRS considers de minimis benefits on par with small bonuses. This tax only applies to the employee, not the employer. Consult an accountant as necessary. Don’t guess with your taxes.
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