6 New Tax Loopholes You Can Take Advantage Of From Now On

Employer-Paid Health Insurance Benefits

By the end of 2017, the U.S. federal government had spent $221 billion as tax provision for health insurance benefits employers pay for. If may not seem like a big deal because you still had to get some cash out of your pocket to be insured, right?

Well, that’s true, but you aren’t taxed for your health insurance – which means that you don’t have to claim their value as income. AS the tax code explains, employer-paid health benefits are not taxable income to the recipient.

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