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7 Benefits of implementing wellness incentives for employees Just like tax breaks and grants encourage organizations to adopt employee wellness programs, rewards and incentives motivate employee participation. To stay compliant, have a tax professional review your proposed wellness program to ensure it aligns with local tax laws.
The ARPA also allows the employer, insurer, or multiemployer plan sponsor who subsided the premiums to offset the cost by claiming a new federal tax credit. The subsidy is tax-free to the individual receiving the subsidy. Tax Credit. Below is a summary of the ARPA’s COBRA subsidy provisions. Changes to Code Section 162(m).
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