Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

ESOP Administration Consultant

Blue Ridge Associates
(Remote)

Blue Ridge Associates logo

Plan Consultant

BPAS
(Remote / Utica NY / Hybrid)

BPAS logo

Relationship Manager for Defined Benefit/Cash Balance Plans

Daybright Financial
(Remote)

Daybright Financial logo

Plan Consultant

BPAS
(Utica NY / PA / Hybrid)

BPAS logo

Regional Vice President, Sales

MAP Retirement USA LLC
(Remote)

MAP Retirement USA LLC logo

Cash Balance/ Defined Benefit Plan Administrator

Steidle Pension Solutions, LLC
(Remote / NJ)

Steidle Pension Solutions, LLC logo

Mergers & Acquisition Specialist

Compass
(Remote / Stratham NH / Hybrid)

Compass logo

Retirement Plan Administration Consultant

Blue Ridge Associates
(Remote)

Blue Ridge Associates logo

3(16) Fiduciary Analyst

Anchor 3(16) Fiduciary Solutions
(Remote / Wexford PA)

Anchor 3(16) Fiduciary Solutions logo

Retirement Plan Consultant

July Business Services
(Remote / Waco TX)

July Business Services logo

Relationship Manager

Compass
(Remote / Stratham NH / Hybrid)

Compass logo

DB Account Manager

Pentegra
(Remote)

Pentegra logo

Relationship Manager

Retirement Plan Consultants
(Urbandale IA / Hybrid)

Retirement Plan Consultants logo

Managing Director - Operations, Benefits

Daybright Financial
(Remote / CT / MA / NJ / NY / PA / Hybrid)

Daybright Financial logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

W-2 Reporting of Healthcare Coverage Costs for Puerto Rico Employees
Carlos Gonzalez Law Office LLC Link to more items from this source
[Guidance Overview]
Apr. 24, 2024

"[E]mployers with operations in Puerto Rico must report in box 5 of the local Form W-2 the aggregate cost of their healthcare benefits to Puerto Rico employees.... [L]ocal tax laws do not provide for, or grant favorable tax treatment on, health Flexible Spending Arrangements (FSAs).... Thus, Puerto Rico employees should not be allowed to participate in FSAs ... In fact, the local tax rules require that the employee share of healthcare premiums be paid with after-tax dollars."

MORE >>

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).