Disability Insurance – Secure Tax Free Benefits Long term disability benefit payments are typically tax free when you, not your employer, pay the premiums. Even if you pay with after-tax dollars via payroll withholding from your own salary, you are considered to pay the premiums with your own money. The same treatment applies if you […]
Dependent Care Assistance You can take advantage of the annual exclusion of up to $5,000 paid under your company’s dependent care assistance plan. No more than 25% of the amounts paid or incurred during the year can go to shareholders or owners with an interest of more than 5% in the company.