Deducibility Of Employer Contributions
Definition of "Deducibility of employer contributions"
Contributions (under qualified employee benefit plans, such as pensions and health insurance) made by an employer on behalf of employees, deducted as a business expense for tax purposes. Employer contributions are not considered current taxable income to the employee. Thus, significant tax advantages are available to both an employer and an employee.
Popular Insurance Terms
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12-month period from the date of issue of a policy as stated in its declarations section. ...
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