Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do parents owe income tax for employer-paid tax-free healthcare benefits for adult dependents?

April 26, 2017Adult Benefits dependents employer-paid Healthcare Parents tax-free

0

Posted

Do parents owe income tax for employer-paid tax-free healthcare benefits for adult dependents?

1 Answer

0

Posted

No. The federal Affordable Care Act extends the exemption for healthcare benefits paid by an employer on behalf of adult children until age 26. Since this amount is not included in the taxpayer’s federal adjusted gross income, it is also not included for Nebraska income tax purposes.