Taxes are a fact of life. But while tax season is wrapping up for most of us, taxes are a constant for your employer clients – especially when it comes to employee benefits.

At the outset, they can seem complicated. The impact of taxes on certain employee benefits, though, really boils down to one thing – who's paying the premium. Take disability income insurance. People who are too sick or hurt to work are paid a benefit. It won't replace their entire gross salary, but like medical insurance, it's a benefit.

Is it taxable? Possibly. The same goes for supplemental coverage, like accident or critical illness insurance. Depending on who pays the premium, the benefit may or may not be taxed. It shapes up like this:

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