Guys.....It is published in 100 different places that it is not....somebody PLEASE show me in writing from somewhere that it will be TAXED.... It may very well be listed under wages, tips and other compensation (which would be what your business accountant might say) but when you reconcile your tax dollars when filing, according to the current passed legislation it will not be taxed!.... It may very well read something like : Gross wages and compensation X dollars (which will include the health premiums) .....net taxable income X dollars(which will take out all your other deductions and the health premiums)....so your accountant would be correct in saying that the number would be added to your adjusted gross income but are your sure he said "TAXABLE" income....
Your adjusted gross income and your taxable income are not the same thing.
Look the Macy's thing was probably a bad idea but I got $300 to put up that you can split between as many of you that still believe this that at least as of 12/14/2010 your health insurance premiums will not be taxed in 2011 and starting in 2018 it will be taxed if it is over $27500.
Unfortunately I guess we wont know for a year until we file for 2011 who's right or wrong but in the meantime somebody please show me from some source other than my accountant said so that it will be taxed.
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1986 V-20
1986 Yamaha 150 HP
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