Taxable Group Health

Let me provide some information about fringe benefits in QuickBooks Online (QBO), alw4335.

The Fringe benefits range from cash, like clergy housing, allowance, or non-cash benefits such as allowing an employee personal use of a company car, group term life insurance, or S Corp health benefits. You can check out the table below on the types of benefits that we support and what type of benefits increase the Net pay on the paycheck:

Once you choose the type of benefits that increases the employee's net pay, follow the steps below to set it up:

1. Click Workers on the left menu. 
2. Select employee's name.
3. Tap the pencil icon next to the Pay section.
4. Under Step 3, How much do you pay this employee, select + Add additional pay types (like overtime, sick, and vacation pay).
5. Select Even more way to pay this employee.
6. Choose all relevant fringe benefits.
7. Press Done.

To learn more about this one, see the Add fringe benefits to pay checks article. If you need assistance with this one, please contact our Payroll Support Team. You may call us at a time convenient to you, send a message via chat, or we’ll get in touch with you instead. To ensure we address your concern, our representatives are available from 6:00 AM to 6:00 PM on weekdays and 6:00 AM - 3:00 PM on Saturdays, PST. See our support hours and types for more details about this one. Here's how:

1. Go to the Help icon on the top right. 
2. Enter your concern in the search field.
3. Choose Talk to a human.
4. Click the OK. To get you to the right human, in a few words, tell me what you need help with option and tap I still need a human. 
5. Press Contact us.
6. Tick Continue. 
7. Choose Chat or Get a callback.

Also, I'm adding our Tax forms page for more insights about and managing your tax forms in QuickBooks. Feel free to visit our Payroll page for more insight about managing your payroll transactions in QuickBooks. 

Please update us on the result after trying the steps or after contacting our support agent in the comment below. I'd like to ensure this is resolved for you. You have a good one. 

Thanks!

Now I have a question about life insurance.  Is Group Term Life and Whole life taxed the same and reported the same on a w2?

You’re welcome. It’s our pleasure to help, @alw4335.

To verify and provide you accurate information if Group Term Life and Whole life taxed the same and can be reported the same on a W2, I suggest consulting an accountant or your Tax Agency.

Here's more information about what information is reported on your employee’s W-2, or what a certain box code means: Reports and info about W-2 and W-3 forms.

See the following article about supported pay types and deductions in QuickBooks Online Payroll and how each impacts federal taxes and forms: Supported pay types and deductions explained.

Stay in touch if you have other concerns about W-2 by leaving a reply below. I'm always glad to help in any way I can.​ Have a great rest of the day.