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Forum
-> Working Women
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amother
Natural
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 Thu, Dec 15 2016, 2:08 pm
I've always needed to only contribute a small amount to my insurance premiums, so I've never cared that my employer (very small office) just takes the deduction post-tax. But now, I'm going to need to pay in a lot more and want to get him to set it up to be pre-tax. He'll probably do whatever I ask him to do provided it doesn't cost much, and I give him all the details of how to do it (or do it for him).
So, HR or payroll specialists - what do I need to do to get this set up?
Thanks in advance!
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amother
Natural
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Fri, Dec 16 2016, 9:51 am
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amother
Forestgreen
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Fri, Dec 16 2016, 10:13 am
you should have a separate deduction that is tax exempt.
What program do you use?
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amother
Natural
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Fri, Dec 16 2016, 10:21 am
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When you say what program, you mean payroll processor? I don't think he uses anything - just an excel spreadsheet for all the other payroll deductions.
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amother
Forestgreen
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Fri, Dec 16 2016, 12:00 pm
I meant software like QuickBooks. Or does he outsource to a payroll company?
In any case if you use a software like QuickBooks you should be able to set up a deduction that's excluded from taxes. Perhaps search through the Help menu or call support if the software provides it.
Or if you outsource then the payroll company will definitely be able to do it.
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Amarante
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Fri, Dec 16 2016, 12:34 pm
Are you sure the premiums are tax deductible?
There are specific rules governing whether insurance premiums paid by an employer are deductible.
In general the employer is able to deduct as a business expense.
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gibberish
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Fri, Dec 16 2016, 1:07 pm
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Your employer needs to set up a cafeteria/125 plan to allow it to be pre-tax. It's fairly simple. Please contact the broker that handles your company's insurance. They should be able to set it up for you.
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