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The BenefitsLink Newsletter - Welfare Plans Edition
January 18, 2001
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A Taxpayer's Guide on IRS Policy to Deduct Weight Control Treatment Excerpt: "New Policy: The new [IRS] Publication for 2000 provides at page 11, 'You can include in medical expenses the cost of a weight-loss program undertaken at a physician's direction to treat an existing disease (such as heart disease). But you cannot include the cost of a weight-loss program if the purpose of the weight control is to maintain your general good health.'" (American Obesity Association)
Buying Time Off Excerpt: "Employees want more money and more time off. Give them what they want and payroll as well as benefit costs increase. Ignore them, and turnover costs increase. But what if you could provide extra vacation while saving some money?" (Michael Greve of William M. Mercer, Inc.)