How can I offer pre-paid gas cards to my employees as a “benefit”?
Rick F asked:
I’d like to offer $100 prepaid gas cards to my employees every month and structure it as a tax free benefit.
I’d pay less as an employer and they would get the gas card with “pre tax” dollars.
I’d like to offer $100 prepaid gas cards to my employees every month and structure it as a tax free benefit.
I’d pay less as an employer and they would get the gas card with “pre tax” dollars.
In the end, a $100 gas card, instead of cash compensation, would be like the employee receiving $120-$135 post tax dollars.
Any LEGAL ideas?
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