Questions tagged [benefits]
Questions regarding employment benefits such as Health Spending Accounts, Retirement plans and other financial concerns in compensation packages.
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FSA - prepay installment plan for orthodontics - okay on flexible spending account?
Let's say $2,000 is still owed on an orthodontic payment plan which is set to have monthly payments of $250/mo.
Assuming there is $2,000 left available on an FSA, can it be used to pay off the rest?
...
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Do non-revenue flight tickets incur tax liabilities on the individual who obtained or used the ticket in the United States?
Airline employees often have access to so-called non-revenue flight tickets, for themselves or their surroundings. Do non-revenue flight tickets incur tax liabilities on the individual who obtained or ...
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Employer tax benefits of 401k matching vs salary increase
I was trying to understand why a company would offer 401k matching instead of higher salaries to employees.
I read that some states require companies to offer retirement things which makes sense.
One ...
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Is it better to have non-employer-related pet insurance if you anticipate leaving the company?
Logically, pet insurance coverage/premiums are more expensive the older the pet is when it is enrolled (higher risk factors associated with age, no preexisting conditions, etc...). I currently have my ...
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Tax Implications of employee education assistance reimbursement the following year
The company I work for offers an Educational Assistance Plan and I took classes over the Spring and Fall semesters of 2021. The company requires final grades before reimbursing the expense and so I ...
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lifetime orthodontic maximums, do they reset if I leave to another insurance plan and come back a couple years later?
I had orthodontic work done on my son for a phase 1 and used some of his orthodontic lifetime benefits from insurance A. After he was done with phase 1, I changed to insurance B for a couple years. (...
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Which insurance is primary when you have coverage through two employers?
If someone has health insurance coverage in the U.S. through two separate employers, which is considered primary for the coordination of benefits? How is this determined?
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With a Dependent FSA, are expenses incurred in the current calendar year, but before mid year enrollment eligible?
In the United States with a Dependent FSA, are expenses incurred in the current calendar year but before mid-year enrolment eligible?
e.g., if I enroll in November for the 2021 calendar year, are ...
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Are state disability benefits taxable in tax year when you were eligible for them, or approved for them, or when benefits were actually paid?
Imagine that someone gave birth on November 5th, 2020. California allows moms to take off up to 8 weeks of disability insurance benefits.
Are such state disability insurance benefits taxable in 1) tax ...
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Employment Insurance (EI): Total Insurable Earnings vs Weeks of Entitlement
If one's Regular Weeks Entitlement for the EI is 50 weeks, but the Total Insurable Earnings amount is about $15,000 then does this mean that the EI payments would stop once the $15,000 has been paid ...
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Is 50K Salary Jump Worth No 401K Benefit
I currently make $75K and my employer offers a 3% match on my 401K. I have now been offered an exceptional job making $120K but there is no retirement plan offered. In CA by 2022 all employers will ...
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What will I lose if US employer switches me to working for a foreign company?
I'm a dual citizen having grown up in the US, but working and residing outside of US for 20 years. I have worked for my US-based employer for 10 years during which time I've been paid in the US with ...
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Claiming UK benefits with a SIPP/ISA
I am ask for a friend, who is expecting hard times soon. My friend is not computer literate, and I know nothing of the UK benefits system.
The best information I can find is
How do savings and lump ...
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Workplace benefits: negative expense, or different category of income?
I have two concrete examples that I'm curious as to how people would account for them.
note that I live in Germany so so rules might be different elsewhere
Mandatory Health Insurance Benefit
At the ...
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Taxes regarding relocation - Final Move/Travel
If my spouse and I both get relocation package from different employers, and both employers cover the final move/travel (from current address to out-of-state new address) for 2 of us, can each one of ...
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Retroactive benefits cut
My company just announced that they will no longer award paid time off or sick leave, effective 15 days before the announcement. I’m concerned that such a change may not be legal.
I am paid monthly. ...
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Employee benefits not signed up by hr
I enrolled in life insurance for myself and my husband on hire and open enrollment. He now has passed away. The life insurance company said hr never enrolled him. So no policy. Do I have any recourse?
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Whether a Non-Immigrant visa holder is eligible for unemployment benefit?
Whether a Non-Immigrant visa holder is eligible for unemployment benefit? Due to COVID-19/ Economy shutdown, delays my job hunt approach. I wonder, whether i am eligible for unemployment benefit in ...
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401K Enrollment Benefits
I have enrolled in my 401K plan from 2016 onward. While looing into the investment portal, right now I am having only 68K but I contributed for 69K. Is it still worth in enrolling 401K?
If I invested ...
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Sweden: Tax in Sweden on Income from the US
Hej,
During 2019, I've worked in Sweden for 9 months and temporarily in the US for < 3 months (during which I requested unpaid leave from my normal Swedish employment).
I am aware that I need to ...
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Does electing to file a joint return abroad (US citizen with retired alien) eliminate tax due on alien's Soc Sec benefits?
My husband and I are retiring in France. Both of us have US Social Security benefits due us. I am a US citizen, spouse is a non-resident alien. If we elect to file a joint 1040 so that he is treated ...
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Why don't companies systematically offer ESPPs that offer stock options (instead of stocks)?
I read on https://fairmark.com/compensation-stock-options/employee-stock-purchase-plans/overview-of-employee-stock-purchase-plans-espps/ (mirror) in the context of employee stock purchase plans (ESPP) ...
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Why would you prefer employer to pay all non-taxable benefits and you pay for the benefits that are taxable if your employer pays them?
Tax Planning for You and Your Family 2019 by KPMG. p 153.
10.1.1 Non-taxable employment benefits
Certain employment benefits are not taxable, even though many of them are
deductible expenses ...
user40527
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How to claim Commuter Parking funds?
I have funds locked into a Commuter Parking account (withdrawn from my bi-weekly pay on a pre-tax basis) that I will never use. Typically, these funds can only be used on work-related parking expenses....
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Erroneously used child's birth instead of loss of insurance as QLE, double paid insurance for same month
Quick backstory:
My wife is a teacher and we were getting our health/dental/vision from her work. When we got pregnant with our second child, we decided she wouldn't go back to work after the baby ...
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Impatriate Tax Regime
I will be moving to Luxembourg soon and just got to know about this tax regime for expatriates in Luxembourg. I think I am qualified for this regime because I will be getting a European Blue Card once ...
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UK Tax/Universal credit pension contributions for non earning partner
I understand that any pension contributions made by someone claiming tax credits or universal credit are deducted from the claimants earned income when assessing the amount a claimant is eligible for.
...
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How is 'death in service' benefit funded? Does the employer benefit?
In the UK many employers offer a 'Death in Service' benefit of (for example) 4x annual salary (e.g. £80,000 if the person was earning £20,000) payable if the employee were to die whilst employed by ...
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Can my grandfather receive money in the state of Wisconsin if he's unemployed?
Please read entire post before answering.
Hello! My grandfather has lived here in the U.S for the past eight years. He immigrated here in 2010 and does have a green card (no citizenship). He also has ...
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Can W2 salary be negotiated when removing healthcare plan?
As a W2 employee, I will get $4,500/mo plus benefits. One of the benefits is that they will pay half the healthcare plan that I select from the options available. In my case, it's about $400, so I pay ...
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Financial benefits of installing EV charger for landlords and employers
This question is based on the location: Vermont, USA. A lot of information regarding federal tax benefits are available online for Electric or Hybrid car owners. However, I am interested to know if ...
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Health Care Benefits Gift?
A friend of mine has opened a company that allows a person to use their health care benefits for things like Orthotics and Compression Stockings but they also give you a free "gift" (something like a ...
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Sweden: Base salary with taxable benefits
I am discussing a job offer in Sweden and has been offered a base salary with taxable benefits added on top of that. I am happy with the take-home amount but I have the following concerns:
What sort ...
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My medical insurance from my employer is extremely high. Could there be a possible mistake?
I am 26 years old and recently my employer changed to another insurance provider agency and the price went up ridiculously, at least for me. At this company the employer pay 50% of the insurance cost. ...
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What happens if my primary and one of my contigent beneficiaries pass away? How are percentages disbursed?
When updating my benefits, how should I assign beneficiary percentages? The way I have it setup currently is:
Spouse: 100% / Primary
Child-1: 34% / Contingent
Child-2: 33% / Contingent
Child-3: ...
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Spouse termination documents affecting insurance
A little background: my wife recently changed jobs and is now working part time with a new employer. I want to add her to the health plan I have with my employer, but was told I need confirmation that ...
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Can corporate insurance coverage continue even after resigning?
While working at a company in India, I was covered by a corporate insurance policy. Also, I was asked to pay the annual premium for including my parents to the policy.
In December, I had to resign ...
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How long after a US serviceman is killed would the family receive the 100K death benefit?
Under ordinary circumstances how soon after a serviceman's confirmed death would the family actually have the 100K to use for expenses?
(My understanding that this 100K is in addition to life ...
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Parents want to claim me
I just turned 19 so I'm a legal adult. I moved out of mothers due to neglect and abuse, but still remain somewhat friendly with her. However, she texted wanting to know if she could claim me on her ...
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Do I lose potential tax benefits by using my employer's tuition assistance program?
Let's say I plan on attending graduate school part-time and that I am currently employed full-time at a company that offers full tuition reimbursement for graduate school with the catch that I must ...
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Can an employer change 401(k) rules to exclude part-time employees who previously participated?
I currently participate in a 401(k) at my work. I am classified as a part time employee with accruals but no benefits currently. For next year, my classification is the same, but now work is not ...
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Should my wife stay un-benefited during pregnancy?
We just found out my wife is pregnant. She's in the process of switching her employment status to what they call per diem, meaning she's not technically a full time employee, although she can (and ...
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When should both spouses get benefits from their jobs?
My wife and I get medical, dental, and vision benefits through her job. Generally we've been pretty satisfied with them. Now for the first time, my job is offering health, dental, and vision as well.
...
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Self maintain my 401(k) if company offers no benefits?
I am switching jobs. My previous job offered a 401(k) plan and I contributed through payroll.
My new company literally offers "no benefits at all" meaning no 401(k), healthcare, etc.
How can I still ...
Julia
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How do I compare two salary offers with and without benefits?
Can you please help me with the following reasoning?
case A)
Full time (W-2) employee, in IL state, with gross salary: 140k
140k divided by 2080 gives ~ $67/hr gross. In this case benefits are ...
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What tax percentage will I pay on this benefit in kind?
I live and work in the UK I'm confused at the amount of the tax I will have to pay on this benefit in kind.
Say I earn £50k, and have a benefit in kind for travel which is £2000 (for a yearly season ...
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Small business: offering an FSA without an administrator
I work for a very small company (only 2 other employees) that pays well but offers no benefits. I'd really like my employer to offer me a Dependent Care FSA. I'm sure he'd agree as long as it 1) doesn'...
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How do I estimate the value of employer-provided job benefits, for comparing compensation?
I'm trying to put a number on the benefits (health insurance, dental insurance, 401k match, etc). that my job provides. I'm looking at a career move and would like a total compensation number for ...
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Claiming commuter benefits when company didn't offer it
I spent $150/month this year on qualifying commuter expenses (monthly train pass), but I wasn't aware of the commuter tax benefit that was available via the employer. In fact no one at our company ...
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Gratuity Payment Cheque Dishonored (Account frozen - demonetization drive) - Should I hand it back before i get another one?
So, I moved out of this organization (will not reveal the name yet) a month and half ago. I got the gratuity payment cheque within three weeks. I held on to it for another two weeks and then deposited ...
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