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What Are Fringe Benefits and Are They Taxable?

HR Digest

Image courtesy – Freepik ) Definition of Fringe Benefits In simple words, the meaning of fringe benefits is exactly what it sounds like— external, outlying benefits. These refer to additional perks that a company might offer , apart from the wages that are promised to every employee. So what are some fringe benefits then?

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Understanding Taxable Benefits In A Quick and Easy Way

Vantage Circle

Group life insurance premiums provided to employees over $50,000. Employee discounts. Employee stock options. Group-term life insurance coverage. Some examples are retirement benefits, child care, health insurance, employee rewards, disability insurance, etc.