Employer-provided Housing May or May Not Be Excludable

Employer-provided housing isn’t taxed to an employee if the housing is on the business premises, offered for the convenience of the employer, and accepted as a condition of employment. In one case, an Air Force veteran and engineer who worked for a defense contractor argued that the housing accommodation provided to him shouldn’t be taxed because it was integral to the business. However, it wasn’t on company premises and was reported by the employer as taxable income. #IdeaoftheDay

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