Is IRS Tax Code Section 125 the Key to Smarter Employee Benefits?
IRS tax code section 125 refers to a part of the Internal Revenue Code that allows employers to offer “ cafeteria plans. ” These plans give workers the inflexibility to choose among colorful benefits while usingpre-tax bones. The term “ cafeteria plan ” is used because workers can elect the combination of benefits that stylish suits their requirements, much like choosing particulars in a cafeteria.
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