7 tax-free benefits for employees

During tax season, employees are sharply reminded of how much cash Uncle Sam takes from their paychecks. Many workers already take advantage of benefits such as tax-exempt health savings accounts, group term-life insurance and even tax-deferred benefits in retirement plans. Some fringe benefits, however, are lesser known for their tax-exempt status. Here are seven tax-free benefits that keep cash in employees’ pockets, as well may provide attractive deductibles to companies. (Images: Thinkstock)

1. Frequent flyer miles 2. Non-cash awards and prizes 3. Cellphones 4. Meals and lodging on employer premises
5. Commuter benefits and free parking 6. Dependent care assistance 7. Qualified educational assistance


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