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what tax benefits are there for employers who get an Employee

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Assistance Program...
what tax benefits are there for employers who get an Employee Assistance Program
Submitted: 8 years ago.Category: Tax
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Answered in 12 minutes by:
11/3/2009
Tax Professional: Merlo, Accountant replied 8 years ago
Merlo
Merlo, Accountant
Category: Tax
Satisfied Customers: 9,783
Experience: 25+ years tax consulting. Specializing in returns for US citizens living abroad
Verified
Hello janeirene,

Currently there are no tax benefits or credits offered for employers who offer Employee Assistance Programs or Wellness programs.

Right now, most companies who offer such programs do so in an effort to lower their healthcare costs, reduce absenteeism and boost productivity. But there are no tax credits or incentives in place yet for these programs.

In the new health care legislation which is still being hammered out by congress, there are several bills which would offer a credit for these programs, but until that legislation is finalized we will not know for sure if any credits actually end up being authorized.

If this was helpful please press the Accept button.

Thank you janeirene and let me know if you have more questions.



Merlo
Merlo, Accountant
Category: Tax
Satisfied Customers: 9,783
Experience: 25+ years tax consulting. Specializing in returns for US citizens living abroad
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