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['Compensation']
['Taxes, Employment']
04/22/2024
FAQ
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For tax years after December 31, 2010, it is optional for employers to include the total, aggregate value of medical plan benefits provided to employees on W-2 forms. This will not include salary reductions for contributions to FSAs, or separate dental and vision plans. Employers should calculate the value of their medical plans benefits which may be indicated on the 2011 Form W-2, although it is not mandatory. The value of the medical plan benefits listed on the W-2 should have no tax implications, unless further reform explanation states otherwise. This will be an annual requirement after further guidance is issued from the IRS.
