InterWest Insurance Services

DECEMBER 7, 2023

The IRS recently announced that the annual contribution limit for flexible spending accounts will rise to $3,200 in 2024, up $150 from this year. Also, employees will be able to carry over up to $640 next year into 2025 if they have funds left over in their account, if their employer allows it (it’s optional).

Flexible Spending Account 90

Flexible Spending Account Flexible Spending Pharmaceutical Health Savings Account 90

Money Talk

AUGUST 3, 2022

Below are six tax-saving ideas gleaned from recent webinars and research for my book: Look Toward the Future - Absent new tax legislation, the Tax Cuts and Jobs Act is scheduled to sunset after 2025, tax rules will return to what they were in 2017, and tax rates will be higher than they are right now.

Taxes 188

Taxes 401(k) Flexible Spending Account Deductions 188

Higginbotham

NOVEMBER 15, 2023

IRS Announces 2024 FSA, Retirement Plan Limits Earlier this month, the Internal Revenue Service (IRS) released cost-of-living adjustments and inflation-adjusted limits for 2024 that affect amounts employees can contribute to health flexible spending accounts (FSAs), 401(k) plans and individual retirement accounts (IRAs).

401(k) 52

401(k) Retirement Plan Flexible Spending Account Insurance 52

Vantage Circle

NOVEMBER 23, 2023

They are actively working towards achieving gender parity in global leadership by 2025. Flexible Spending Accounts (FSAs): Pre-tax accounts for healthcare and dependent care expenses In the dynamic work landscape of the U.S., Flexible Spending Accounts (FSAs) emerge as a savvy perk, offering employees a financial win-win.

Family and Medical Leave Act 65

Family and Medical Leave Act 401(k) Retirement Plan roth 401(k) 65

Business Management Daily

JANUARY 5, 2021

31, 2025: The Work Opportunity Tax Credit. Cafeteria plans with plan years ending in 2020 or 2021 may allow employees who have health flexible spending accounts or dependent care assistance plan accounts to rollover unused amounts into the next plan year. These changes are effective retroactive to March 27, 2020. Tax extenders.

Family and Medical Leave Act 52

Family and Medical Leave Act Payroll 401(k) Taxes 52

Benefits Notes

MARCH 31, 2021

Health care flexible spending accounts are not subject to the ARPA provisions. All group health plans that provide major medical benefits subject to federal COBRA rules are subject to the ARPA COBRA rules. This includes self-funded and fully-insured plans, multi-employer plans, and governmental employer plans.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Taxes Pension 40