If your employer provides Section plan benefits, you receive a tax break on your contributions. Your deductions are pretax, which means they come out of your wages before the tax is withheld. Inclusions Health insurance is a core aspect of a Section plan. Your employer may offer a full range of health benefits, including medical, dental, vision, accidental death, dismemberment and disability insurance.
Or it may stick to the basics of medical and dental. The plan may also include life insurance, adoption assistance, dependent care assistance, health savings accounts and group legal services.
Federal Taxation Most Section deductions, including for health insurance, are excluded from federal income tax, Social Security tax and Medicare tax. For clarification on federal taxation of Section plans, consult the Internal Revenue Service.
State Taxation State tax laws on Section plans vary. The state may follow federal taxation treatment of Section deductions or it may have exceptions. For example, in Pennsylvania, only contributions to a Section plan for sickness, hospitalization, supplemental unemployment benefits, strike benefits and disability or death are excluded from Pennsylvania income tax.
Consult the state revenue agency or local tax assessor for clarification on whether Section deductions are taxable. Taxable Wages Federal, state and local withholding are based on taxable wages.
To arrive at your taxable wages, subtract your Section deductions from your gross wages. The rest is your taxable wages, upon which your withholding is based. If you did not have the Section benefit, your entire gross pay would be taxable. Deductions that do not qualify as pretax are done on an after-tax basis.
Considerations Along with IRS requirements, the state may have laws for cafeteria plans. For example, the state may require that an employer that chooses to offer health insurance do so under a cafeteria plan.The Ontario Bar Association (OBA), a branch of the CBA, represents 17, lawyers, judges, notaries, law teachers and law students from across the province.
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