Yes, taxable fringe benefits are reported on an employee's W-2. These are included under wages, tips, and other compensation in the total in box 1 of the form. Although not required, employers may ...

The Internal Revenue Service (IRS) has released new guidance on the federal income and employment tax treatment of contributions and benefits ...

As mandatory State paid family leave and paid family and medical leave (collectively “PFML”) programs have significantly expanded and proliferated ...

In addition to a state employee wage freeze and income tax cut, CT Republicans want to cap municipal property tax increases ...

Since they can be a major source of income, you'll also need to keep them in mind when filing your tax return. A 2023 survey from the Pew Research Center found that around 43% of Americans had ...