W-2 reporting for health coverage is a crucial aspect of tax compliance that both employers and employees need to understand. The Internal Revenue Service (IRS) requires employers to report the cost of health coverage provided to their employees on Form W-2. To simplify this process, many businesses use a W-2 generator. This reporting helps individuals track their health benefits and ensures transparency in tax reporting. In this guide, we’ll explore the essentials of W-2 reporting for health coverage, including its purpose, what is reported, and compliance requirements.…