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If the DBL premium is paid jointly – what if the premium is lower than the maximum contribution?

April 26, 2017contribution DBL jointly lower maximum paid Premium

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If the DBL premium is paid jointly – what if the premium is lower than the maximum contribution?

1 Answer

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An employer is never supposed to profit from providing NY State DBL to their employees. Therefore, the contribution you deduct should not exceed the premium. If an employee’s contribution is equal to the premium, the benefit is 0% taxable.