Jul 14, 2023
IRS Memo on Questionable Wellness Programs
June 28, 2023
There are several vendors advertising wellness programs attached to significant tax savings. The programs involve monthly amounts of $1-2,000 that are run through the cafeteria plan on a pre-tax basis, supposedly saving employees and employers on income and payroll taxes, and then most of it is returned to employees in exchange for meeting certain wellness requirements.
Is the tax savings “too good to be true”, as many of you have asked? A recent IRS memo suggests that there are tax issues with these arrangements, which is discussed in more detail during this webinar.
Replay the webinar to better assist employers with this difficult subject.