Tag: IRS

2092
Posted in Compensation

2023 IRS Mileage Rates Announced

On December 29, 2022, the Internal Revenue Service issued the 2023 optional standard mileage rates, which are used to calculate the deductible costs of operating…

3347
Posted in Compensation

Mileage Reimbursement Rate Increases on July 1

On June 9, 2022, the Internal Revenue Service (IRS) announced an increase in the standard mileage rate for the second half of 2022. Although this…

3341
Posted in Compensation

2022 IRS Mileage Rates Announced

On December 17, 2021, the Internal Revenue Service (IRS) issued the 2022 optional standard mileage rates, which are used to calculate the deductible costs of operating an…

6666
Posted in COVID-19 (Coronavirus) Time Off

COVID-19 Paid Sick Leave Expiration Approaches

For nearly the entirety of the pandemic, either the federal or California governments have required most employers to provide paid sick leave to their employees…

1927
Posted in COBRA COVID-19 (Coronavirus) Posters and Notices

American Rescue Plan Act COBRA Subsidies Ending Soon

In March, the federal government passed the American Rescue Plan Act (ARPA), the third federal stimulus package enacted in response to the ongoing COVID-19 pandemic….

2624
Posted in COBRA COVID-19 (Coronavirus) Posters and Notices

IRS Answers Questions About ARPA’s COBRA Subsidy

Several weeks after the American Rescue Plan Act (ARPA) provided temporary Consolidated Omnibus Budget Reconciliation Act (COBRA) subsidies to eligible individuals, the IRS has issued…

13158
Posted in Compensation

2021 IRS Mileage Rates

On December 22, 2020, the Internal Revenue Service (IRS) issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an…

3697
Posted in Benefits

401(k) Contribution Limits Stay the Same in 2021

The Internal Revenue Service (IRS) has released guidance on cost-of-living increases to the income ranges for determining individual retirement account (IRA) and Roth IRA contribution eligibility, and…

Employers have the discretion to allow employees to make certain mid-year changes.
3495
Posted in Benefits COVID-19 (Coronavirus)

Cafeteria Plans, FSAs, Dependent Care Assistance Programs More Flexible Due to COVID-19

The Internal Revenue Service (IRS) released new guidance, Notice 2020-29, providing increased flexibility for individuals participating in section 125 cafeteria plans, health flexible spending arrangements…

Employers need to maintain proper documentation to claim the new tax credits from the IRS.
4225
Posted in COVID-19 (Coronavirus) Time Off

Reminder: Properly Document FFCRA Leave to Claim Tax Credits

Employers are becoming familiar with the new Families First Coronavirus Response Act (FFCRA), which provides new COVID-19-related federal emergency paid sick leave and emergency family…