$25.00 
Learn more
Submitted By: someone
Answered: May 6, 2019 9:49 pm
Answered: May 6, 2019 9:49 pm
I received $1,000 from my employer in lieu of taking company health coverage. Since this was not for work performed, do I have to report this as income?
Yes. There is no exclusion from income for the payment from an employer to an employee who opts not to take company health coverage.
advertisement
Featured Books
Tax Glossary
Like-kind exchange
An exchange of similar assets used in a business or held for investment on which gain may be deferred.
