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IRS Issues Updated Employers Tax Guide to Fringe Benefits | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

Recently the Internal Revenue Service (IRS) issued its 2018 Publication 15-B, which informs employers about employment tax treatment of fringe benefits. Updates include: the suspension of qualified bicycle commuting reimbursements from an employee’s income for any tax year after December 31, 2017 and before January 1, 2026; the suspension of the exclusion for qualified moving expense … Continued

IRS Changes Course (Again) and Restores 2018 HSA Family Limit to $6,900 | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

On April 26th, the Internal Revenue Service (IRS) announced that the 2018 annual contribution limit to Health Savings Accounts (HSAs) for persons with family coverage under a qualifying High Deductible Health Plan (HDHP) is restored to $6,900. The single-coverage limit of $3,450 is not affected. This is the final word on what has been an … Continued

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