Tag: IRS

2024 HSA, FSA, Retirement Plan Contribution Limits
801
Posted in Benefits

2024 HSA, FSA, Retirement Plan Contribution Limits Announced

In addition to all the new 2024 employment laws, employers should be aware that the Internal Revenue Service (IRS) has released the 2024 annual inflation…

Health Savings Account (HSA) Limits Increase for 2024
2073
Posted in Benefits

Health Savings Account (HSA) Limits Increase for 2024

In 2024, the Health Savings Account (HSA) limits, which are indexed for inflation every year, will increase, per the Internal Revenue Service (IRS). HSAs are…

3448
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…

4368
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…

3854
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…

7347
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…

2254
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….

2949
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…

13990
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…

4102
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…