Tax Benefits: Get Paid to Workout
Did you hear about a new law that could allow employers to give you health benefits tax free. That means if they reimburse you for things like health club memberships or nutritional programs you wouldn't have to pay taxes on that reimbursement.
Tom Harkin's who is a democratic senator from Iowa proposes that companies be allowed to receive tax credits for helping their employees to live a healthier lifestyle. Most people now believe that healthier employees lead to better work productivity and fewer absentee days. They also report better energy throughout the day.
In the future the pay back may be more, but for now companies can reimburse up to 20% of some of the health benefits that employees take advantage of. To see if you qualify you may want to get in touch with your employer or HR department.
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