The IRS Publication 15-B or the Employer's Tax Guide to Fringe Benefits is a document published by the Internal Revenue Service (IRS) that provides employers with guidance on how to account for ...

Many employers also offer other benefits, known as "fringe benefits," that can reduce your total taxable income. These can include: These benefits are either taken out of your paycheck or ...

Once the taxable fringe benefit has been processed by Payroll on an employee’s paycheck, the taxable amount will appear on the employee’s Paystub in the Earnings Section as a Taxable Benefit. If a ...

The Internal Revenue Service counts fringe benefits – goods, services and experiences given to employees in addition to standard wages – as a form of taxable income. In most cases, time spent ...

House Republicans are considering taxing fringe benefits like employer-provided transportation, meals, and on-site gyms to help offset lost revenue from extending Trump-era tax cuts. The proposal ...

However, these benefits often come with tax implications that you need to understand to ensure compliance and avoid unexpected tax liabilities. Fringe Benefits Tax (FBT) was part of a tax reform ...

Plug-in hybrids are currently exempt from fringe benefits tax, which can save about $20,000 for new cars bought under a novated lease — but that benefit is due to end in April next year.