Tagged With: "IRS"

Important Dates and Deadlines for the Affordable Care Act

05 February, 2020

As the new year is upon us, there are a number of important dates and deadlines to track. The Affordable Care Act has several deadlines to keep track of on your calendar. In December, the IRS announced that it would extend the deadline for employers to provide employees with their 1095-C or 1095-...

Paying Off Student Loans and Building 401(k)s: IRS Suggests Workers Can Do Both

02 October, 2018

Recent statistics show that 44 million Americans have student loan debt, totaling $1.4 trillion. This financial burden prevents people from making other investments—including saving for retirement. Can employers help? There are few who do, even though repayment plans could attract job seekers who a...

The IRS Announces 2019 Contribution Limits, Minimums, and Maximums

17 May, 2018

On May 10, 2018, the IRS released the 2019 limits for high-deductible health plans and health savings accounts. These limits reflect adjustments made for cost of living changes. Health Savings Accounts: The 2019 contribution limit for health savings accounts is $3,500 for individuals, marking a $50...

IRS Permits Small Employers to Offer Health Reimbursement Arrangements

05 December, 2017

On Oct. 31, the IRS released much-anticipated guidance detailing requirements for small employers looking to offer qualified health reimbursement arrangements (HRAs) to their employees. Small employers have wanted to offer their employees HRAs for reimbursement of individual premiums since the Affo...

IRS Released 2018 FSA and Transit Limits

20 October, 2017

The IRS has released the 2018 FSA and Transit/Parking plan limits. Please refer to the chart below to see the new 2018 limits and a side-by-side comparison of the 2017 limits. 2018 contribution limits released The IRS has released some of the limits for 2018. We have created a helpful chart that you...