Tina A. asked

💰  Tax

When you pay for health insurance for your employees, do you need to add it to their payroll and deduct FICA tax? Additionally, if it is for a 2% more shareholder, how should it be reported on the W-2, and what code should be used for such medical insurance payments to ensure it is not included in Boxes 3 and 5, and how to report it so that it will not be considered for unemployment insurance?

February 25th, 2024

Tina S. answered

Health insurance paid by the employer is not taxable income to the employee and does not need to be ...

February 25th, 2024

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