The IRS Publication 15-B defines a fringe benefit as "a form of pay for the performance of services." Fringe benefits are commonly regarded as extra benefits outside of a company's standard health ...
It shows the tax amounts that have been withheld from a worker's paycheck and gives information about fringe benefits. The employer has to send a copy of the W-2 to both the employee (or former ...
That amount will appear in box 12c of your W-2 and also be included in your income for boxes 1, 3, and 5. The IRS has a table in its "Publication 15-B: Employer's Tax Guide to Fringe Benefits ...
He's doubtful Congress will decide to tax employees' fringe benefits because the expected savings is not that big compared to other potential options that are easier to implement. "There's a ...
In the latest adjustment, the taxman has lowered the fringe benefits tax to 13 percent for the next three months until March 2025 because of the prevailing reduced market interest rates—the ...