Dear Tax Talk,
My employer takes out about $300 a month for health insurance from my gross pay, and I am told that this is before taxes to save me money. However, when I get my W-2 form, all the money I pay for health insurance is included as “wages, tips and compensation,” so it really saves me nothing at tax time.
I have argued this point with them, but they say that they have to include it. I don’t believe (more…)