tax question?
tax question?
What types of tax-free benefits can you receive from an employer? When would these types of benefits be taxable?
Answers:
Chosen Answer
Andy: Various allowances such as some commuting and health benefits, and meals and lodging when for the convenience of the employer. Also certain moving expenses (deductible, so effectively tax-free) and many overseas allowances. Allowances paid by the Government to its employees, and certain allowances for religious workers, are more generously treated than those of others. Workers posted abroad may have some other free allowances. One of the nicest free allowances these days is air miles.
2006-12-15 08:26:10
Andy: Various allowances such as some commuting and health benefits, and meals and lodging when for the convenience of the employer. Also certain moving expenses (deductible, so effectively tax-free) and many overseas allowances. Allowances paid by the Government to its employees, and certain allowances for religious workers, are more generously treated than those of others. Workers posted abroad may have some other free allowances. One of the nicest free allowances these days is air miles.
2006-12-15 08:26:10