IRS Publication 15B — Employer's Tax Guide to Fringe Benefits
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“However, you can exclude the value of these ben- efits (other than payments for specific injuries or illnesses not made under a plan set up to benefit all employees or certain groups of employees) from the employee’s wages subject to social security, Medicare, and FUTA taxes. See Announcement 92 -16 for more information.”
This publication supplements Pub. 15, Employer’s Tax Guide; and Pub. 15 -A, Employer’s Supplemental Tax Guide. It contains information for employers on the employment tax treatment of fringe benefits. Comments and suggestions. We welcome your comments about this publication and your suggestions for future editions. You can send us comments through IRS.gov/ FormComments.
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