If you give cash as a wedding giftâ¦. 1  Always enclose it in a nice card with the appropriate personal note, wedding wishes, and congratulations to the happy couple.  If you choose to give cash as a gift card, opt for cards at stores the couple prefers and cards without expiration dates or monthly fees.
By providing benefits under a cafeteria plan, an association can provide its employees with a mechanism to avoid taxation of the employer-provided benefits. What's offered in a cafeteria plan? Why not provide a built-in cafeteria plan by giving all individual taxpayers a deduction above their adjusted gross income for health-insurance premiums, and deduct premiums from their FICA base as well?
Plan Requirements A cafeteria plan is a written benefit plan maintained by an employer for the benefit of its employees. The plan must allow employees to choose between two or more benefits consisting of cash (or a taxable benefit which is treated as cash) and certain qualified benefits. See, Â§125(d), Â§1.125-1, Q&A-2, Â§1.125-2, Q&A-3.