No. That’s a “Cafe 125” item.
What does that mean?
The guy I’m having an argument with says:
“Most if not all employeers list Healthcare and other bennies on the W2. For instance, Tribune and Post-Newsweek both list Pre Tax and Taxable witholding. However, I believe that at a one time in one of the proposed bills, there was a provision to do away with the pretax medical bennies.”
I said I don’t think so.