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Income Tax Planning
Chapter 5: Gross Income from Employment/OTHER EMPLOYEE FRINGE BENEFITS (9 OF 9)
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 5: Gross Income from Employment

OTHER EMPLOYEE FRINGE BENEFITS (9 OF 9)

01.Core Concepts

Parsonage • Value of home or rental allowance furnished to minister is excluded Frequent Flyer Miles • Announcement 2002-18 • Frequent flyer miles and other promotional benefits (through rental car agencies or hotels) attributable to taxpayer’s business that are exchanged for free travel and upgrades etc., are not currently considered income taxable. Trump Account Contributions (for contributions made after July 4, 2026) • Exclusion from employee income for employer contribution of up to $2,500 to a Trump account for an employee or dependent.