Fringe Benefits
That are deductible to the business and are excluded from taxable income of the owners:
Accident and health benefits
Achievement awards (up to $1,600 for qualified awards)
Adoption assistance
Athletic facilities
Automobile use for business purposes
Cafeteria Plans
Cellphone used for business purposes
Commuting benefits
De minimis (or minimal) benefits
Dependent Care Assistance
Disability insurance (to a limited extent)
Educational assistance
Employee discounts
Employee gift (up to $25 per year)
Employee stock options
Employer-provided cell phones
Group-term life insurance coverage (up to $50,000 of coverage)
Health insurance
Health Savings Accounts (HSA)
Health club facilities (on-premises)
Hiring of your young children, by the business
Holiday party for employees
Lodgings on business premises
Meals (at restaurant)
Meals (on site)
Medical cost reimbursements
No-additional-cost services
Parking expense
Retirement contributions
Retirement planning services
Travel & Seminars at vacation spots (accompanied by a substantive business purpose)
Tuition reduction
Uniforms
Working conditions benefits
Often the granting of fringes cannot be discriminatory against lower paid employees.
Employer’s Tax Guide to Fringe Benefits
(Circular E), Employer’s Tax Guide