Originally Posted by bigred1091
That's the whole point. Your company has to list the value of what THEY paid for YOUR health benefits on your W2 form as taxable income and then YOU have to pay the taxes on it. If they paid about $12,000 for the year, you will pay $2500 to $3500 in extra taxes. It blows me away!
That is incorrect
see above post unless you have a policy that costs your employer 3000 per month, you will only pay tax on what EXCEEDS 27000 in premium per year. NOT the whole amount.