Fringe Benefit question.
Our Human Resources Department is offering a $50.00 gift certificate for participating in a biometric screening. That will be taxable. They are also offering a $50.00 reduction in the cost of a Healthy Artery Screening. The Healthy Artery Screening will be completed during an upcoming Employee Health Fair.
This year you’ll have a choice of incentive:
A $50 gift card to Dick’s Sporting Goods
$50 reduction in the cost of the Healthy Artery Screening
Would the $50.00 reduction in the cost of the Healthy Artery Screening also be taxable? If yes, can you send me in the right direction of where the regulation stating that would be in writing?