Call Us 919 571 0883919.571.0883   Mineral

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 reimbursements from an employee’s income for tax years after December 1, 2017 and before January 1, 2026 (with exceptions for active duty U.S. Armed Forces members who move because of a permanent change of station);
  • limits on employers’ deductions for certain fringe benefits including meals and transportation commuting; and
  • the definition of items that aren’t tangible personal property for purposes of employee achievement awards.

Originally published by www.ubabenefits.com

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact Us


Raleigh Office:
9121 Anson Way
Suite 200
Raleigh, NC 27615

Phone
919.571.0883

Email
info@jrwassoc.com