Taxability of Benefits
INCLUDED IN TAXABLE INCOME:
- “Attributable to contributions by employer that were not included in income” [IRC § 105(a)(1)]
- Premiums paid by employer [IRC §105(a)(2)]
EXCLUDED FROM TAXABLE INCOME:
- “Not attributable to contributions by employer that were not included in income” [IRC § 104(a)(3)(A)]
- Premiums not paid by employer [IRC §104(a)(3)(B)]