Respuesta :
Employee educational assistance, qualified transportation fringe benefits, and dependent care benefits nontaxable fringe benefits have a maximum dollar amount that is not subject to tax.
What fringe benefits are not taxable?
The IRS makes a distinction between three separate categories of non-taxable benefits: those that are entirely tax-free, those that are income tax-free, and those that are tax-free up to a specific threshold. The main categories of fringe benefits that can be excluded from gross income include flexible spending accounts, group term life insurance, education aid plans, no-additional-cost services, qualifying employee discounts, and working condition fringe benefits.
Hence taxable fringe benefits and nontaxable fringe benefits are present. The spending accounts offered by the employer, such as flexible spending accounts for dependent care and medical expenses are not taxable. The payment for parking while at work and using public transportation to go there and back, assistance with adoption, on-site meals, athletic facilities, disability insurance, health insurance, and financial aid for education are all examples of nontaxable fringe benefits.
To learn more about taxable fringe benefits, visit:
https://brainly.com/question/14342444
#SPJ1
