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Alabama Launches First-In-The-Nation Tax-Friendly Portable Benefits for Independent Contractors and Gig Workers
Fisher Phillips
[Guidance Overview] June 17, 2025 "Under a new law taking effect December 31, 2025, companies, including application-based entities, can voluntarily contribute to a contractor's portable benefits -- like health insurance, retirement savings, and life insurance -- with a win-win tax effect: employers can deduct the cost, and workers don't pay taxes on the value received. This novel approach could reshape how businesses support gig workers and freelancers without risking a misclassification finding." MORE >> |
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