Stay Current Choose news that’s good for business

Transportation

12
  • IRS 2020 Plan Limits Published

    The 2020 IRS annual limits for employee benefit plans have been published, including the following: The maximum retirement plan annual elective deferral increased to $19,500, …

  • DC Transit Benefit: New Notice Requirement & Fines

    Since January 2016, the Sustainable DC Act of 2014 has required employers with 20 or more DC employees to offer transit benefits to their DC …

  • IRS 2019 Plan Limits Released

    The IRS has finally released the FSA and Transportation maximum benefit limits for 2019. Here are the 2019 annual limits for employee benefit plans, including: …

  • Transportation Benefits & Non-Profit Organizations

    The tax reform bill that passed in December 2017 affected employer-provided transportation benefits. While qualified transportation benefits are still tax-free to employees (either through pre-tax …

  • Tax Cuts and Jobs Act: Effect on Benefits

    On Wednesday, December 20, 2017, the Senate and House of Representatives passed the Tax Cuts and Jobs Act. On Friday, December 22nd, the Act was …

  • Transportation Benefits

    A qualified transportation plan allows employees to pay for certain transportation expenses on a tax-advantaged basis. The expenses must be incurred for the purpose of …

  • 2017 Health FSA and Transportation Limits

    The IRS announced this week that the employee contribution for Health FSAs will increase from $2,550 to $2,600 for plan years starting in 2017. Transit …

  • Reminder: DC Transit Benefit Requirement

    The District of Columbia Employer Transit Benefit Ordinance went into effect on January 1, 2016. The Ordinance requires all DC employers with 20 or more …

  • Cadillac Tax Delay, New Transit Limit, & Fee Moratorium

    Earlier than expected, President Obama signed the Consolidated Appropriations Act, 2016 (HR 2029) into law on December 18. Included in the Act were important provisions …

  • Important Pending Tax Legislation and New IRS Guidance

    Important Tax Legislation Congress is working on finalizing the appropriations bill, H.R. 2029, which is expected to pass this week and be signed by the …

12