Definition of "Deducibility of employer contributions"
Dustin Wagner, Real Estate Agent
Green Lion Realty
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.
Have a question or comment? We're here to help.