enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. Employer transportation benefits in the United States

    en.wikipedia.org/wiki/Employer_transportation...

    Commuter benefits - employer-provided benefits under section 132(f) of the tax code, covering tax-free transit, vanpool, or parking benefits. Commuter highway vehicle - a tax law term for vanpool as defined in section 132(f)(5)(B). Fare card - a card or ticket that a transit rider can use to ride on a public transit system.

  3. Internal Revenue Code section 132(a) - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    A Qualified Employee Discount is defined in Section 132(c) as any employee discount with respect to qualified property or services to the extent the discount does not exceed (a) the gross profit percentage of the price at which the property is being offered by the employer to customers, in the case of property, or (b) 20% of the price offered for services by the employer to customers, in the ...

  4. Internal Revenue Code section 162 (a) - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    Section 162(a) of the Internal Revenue Code (26 U.S.C. § 162(a)), is part of United States taxation law.It concerns deductions for business expenses. It is one of the most important provisions in the Code, because it is the most widely used authority for deductions. [1]

  5. Medical Expenses You Can Deduct From Your Taxes - AOL

    www.aol.com/finance/medical-expenses-deduct...

    For tax year 2020, the IRS permits you to deduct the portion of your medical expenses that exceeds 7.5% of your adjusted gross income, or AGI. But not everyone will be able to claim medical ...

  6. Commuting to work in the US: facts and statistics - AOL

    www.aol.com/finance/commuting-us-facts...

    Commuting statistics show that many Americans are continuing to travel to an office during the work week. According to data from Pew Research, 61 percent of Americans do not have jobs that can be ...

  7. Health reimbursement account - Wikipedia

    en.wikipedia.org/wiki/Health_Reimbursement_Account

    According to the IRS, employees are reimbursed tax-free for qualified medical expenses up to a maximum amount for a coverage period. HRAs reimburse only items (co-pays, coinsurance, deductibles, and services) agreed to by the employer that are not covered by the employer's selected standard insurance plan (any health insurance plan, not only a ...

  8. Flexible spending account - Wikipedia

    en.wikipedia.org/wiki/Flexible_spending_account

    The Internal Revenue Service will index subsequent plan years' limits for cost-of-living adjustments. [9] For 2018, this adjustment increases the contribution limit to $2650. [10] Employers have the option to limit their employees' annual elections further. This change starts in plan years that begin after December 31, 2012. [9]

  9. Itemized deduction - Wikipedia

    en.wikipedia.org/wiki/Itemized_deduction

    Medical expenses, only to the extent that the expenses exceed 7.5% (as of the 2018 tax year, when this was reduced from 10%) of the taxpayer's adjusted gross income. [2] (For example, a taxpayer with an adjusted gross income of $20,000 and medical expenses of $5,000 would be eligible to deduct $3,500 of their medical expenses ($20,000 X 7.5% ...