I operate a non-profit corporation in Texas. We have a single full-time employee who has purchased his own health insurance policy for his family. I was told last month by a CPA at the Texas Ministry Conference that employers with 1 full-time employee do not have to include the amount of health insurance premiums paid as taxable wages. I cannot find anything online to corroborate that.
If the premium reimbursements are tax-exempt, are they exempt only from income tax or also from FICA tax?
Thanks for reading.
