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Old 10-14-08, 10:21 AM
  #95  
umd
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Originally Posted by DiabloScott
Once again this is NOT a tax deduction on your personal return, it is a CASH GIFT given to you by your employer (if they participate) and your employer is reimbursed from the FedGov in the form of a credit. There's nothing confusing about what the bill is offering, only about how it will be administered and controlled.
It isn't completely clear to me at this point whether it is a tax-free cash payment from the employer, or an employee's pre-tax set-aside for reimbursement, like for medical expenses.
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