This article provides clarification on the main questions regarding the Technology Benefit.
Summary:
- What is this benefit and what is the associated tax exemption?
- What expenses are considered in the Technology Benefit?
- What are the payment methods for the Technology Benefit?
- Why do I not have this benefit available?
- My balance is lower than the invoice amount. Can I still request reimbursement?
What is this benefit and what is the associated tax exemption?
This benefit covers your expenses related to purchasing work-related technological tools from any online or physical store, exempt from income tax (IRS) and social security (SS) contributions.
What expenses are considered in the Technology Benefit?
The eligible expenses include:
- Computers; Tablets; Smartphones; Technological accessories; PC components.
You should always confirm in your company's "Benefits Policy" what is eligible and what is not.
What are the payment methods for the Technology Benefit?
Technology purchases, such as computers, smartphones, and tablets, operate only under the reimbursement method. This means you will pay for the items yourself and request reimbursement through the Coverflex app. You should confirm your company's internal benefits policy.
Why do I not have this benefit available?
The company can determine which benefits and payment methods will be made available for employees to use. If you do not have the benefit or a payment method available, it means your company has not included this option in your benefits package.
My balance is lower than the invoice amount. Can I still request reimbursement?
Refer to your company's benefits policy to answer this question, as the decision to accept or decline this type of reimbursement is solely up to the company.