taxes

8 tax breaks that cost Uncle Sam big money

Taxes » Tax Deductions 8 tax breaks that cost Uncle Sam big money

Health insurance
Health insurance © iStock

Health insurance

All employee compensation is subject to tax unless the tax code specifically excludes it. That's the case for certain employer-provided benefits.

The most tax-costly company perk is health care. The value of what your employer pays for worker medical insurance premiums, long-term care coverage and health care doesn't cost you a tax cent.

But it does cost Uncle Sam. Through 2018, employer-provided health care benefits will keep the U.S. Treasury from getting its hands on some $785 billion.

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