Topic: Taxable Income

1 chapters across the catalog

Earle in the Gulf
Episode 222 47:58 - 51:51

222: Earle in the Gulf

Health Care Law, W-2 Tax Reporting

A new provision in the healthcare law requires employers to report the value of health insurance benefits on employee W-2 forms starting in 2011. While FactCheck.org states this is for informational purposes and not currently considered taxable income, the hosts express skepticism. They argue the specific wording "not considered taxable income" suggests a setup for future taxation of these benefits.