Qualified fringe benefits received by an employee can be excluded from gross income.

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According to the Internal Revenue Code, qualified fringe benefits can be excluded from an employee's gross income. These benefits can include things like health insurance premiums, educational assistance, and commuter benefits. However, there are certain limits and rules that apply to each type of benefit, so it's important for employers and employees to understand the specifics.

Qualified Fringe Benefits Received by an Employee Can Be Excluded