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Employer Issues
Reply to "Health Insurance deduction"
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[quote=Anonymous][quote=Anonymous]Pretty sure you can not do that. I have private insurance. It costs me 150 a month which my mb gives me in cash to cover each month. It's not part of my salary but a benefit. I dont pay taxes on the money. She needs to pay her own insurance with her own money. If you wanted to give her money every month to do that she would probably be very grateful. I think you as her employer can get a tax credit for doing so.[/quote] The above poster is 100% wrong. You can pay for your employee's health insurance by giving her a separate monthly check. It should not be taxed. You write "health insurance" on the memo line. Both your salary and your total benefits make up your "compensation package". Smart employers ask the nanny what she needs, and work from there. [/quote]
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