Thread: No racing money
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Old 08-24-2010, 05:39 AM
  #8  
Pdmracing
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CRAFTSMAN
 
Join Date: Oct 2007
Posts: 53
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Its simple, the law states that if your health insurance is paid by your employer it will be listed on your W2 as UNTAXABLE INCOME , just like your retirement plan, BUT it will not be taxed unless you recieve over 27k in benefits. Then teh overage is taxed.

I do this for a living, & can prove what I am telling you. But you can believe who you want
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