HR Professionals Magazine

SEPTEMBER 2, 2021

As pensions have gone by the wayside and 401(k) plans have gained more notoriety, employees have become increasingly more aware of their employer sponsored retirement plans, and the financial benefits they provide. At its most basic level, a 401(k) plan allows employees to save for their personal retirement needs.

Retirement Plan 52

Retirement Plan roth 401(k) 401(k) Taxes 52

Higginbotham

NOVEMBER 2, 2023

Offering retirement benefits also makes financial sense because they often come with tax incentives. A 401(k) plan is a popular example of a defined contribution plan. This is a new option that went into effect on March 27, 2020, and is set to end on December 31, 2025, assuming it’s not extended.

401(k) 52

401(k) Disability Insurance Benefits Package Insurance 52

Money Talk

AUGUST 3, 2022

This phrase was designed to encourage investors to buy tax-free municipal bonds that provide a higher after-tax return than higher-yielding taxable bonds. In a more general way, the advertisement was also promoting the concept of tax-efficient investing. no tax for New Jersey residents on a New Jersey-issued bond).

Taxes 188

Taxes 401(k) Flexible Spending Account Deductions 188

Abel HR

NOVEMBER 24, 2021

They would prefer it over stock offerings or increased 401K contributions because the loans are the financial burden that they are experiencing in real-time (and for many new grads, it’s their first experience being in debt, and it’s not a pleasant one!). Indeed, this perk is much revered by the college grad set.

401(k) 52

401(k) Taxes Education Payroll 52

Business Management Daily

JANUARY 5, 2021

The law also extends expiring tax provisions and everything that could be jammed into 5,593 pages of federal legislation three days before Christmas. The key payroll provisions include: An extension of the paid sick/ family leave provisions and your tax credit for providing leave. Extensions of popular payroll tax provisions.

Family and Medical Leave Act 52

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

Vantage Circle

SEPTEMBER 26, 2021

While phantom stocks may sound good right now, there are many things you should know before you give phantom shares to your employees, including how they work and the tax implications. In the "appreciation only" method, in January 2025, Albert will receive the appreciated amount per share. How is phantom equity taxed?

Employee Stock Option 52

Employee Stock Option 401(k) Taxes Bonuses 52

Money Talk

APRIL 14, 2022

The 2021 income tax season will soon be in the history books. With income tax calculations still fresh in our heads, this is a great time to do some tax planning for 2022. Here are 12 tax topics to consider: Itemized Deductions- Only about 10% of taxpayers can itemize since the Tax Cuts and Jobs Act went into effect in 2018.

Taxes 188

Taxes Family and Medical Leave Act 401(k) Deductions 188

Benefits Notes

DECEMBER 28, 2022

This increase is adjusted for inflation after 2025. Catch-up contributions will now be subject to Roth after-tax treatment for those earning more than $145,000 in the prior year. Effective for distributions made after December 31, 2023, the 10% tax on early distributions does not apply for distributions for domestic abuse survivors.

401(k) 52

401(k) Retirement Plan Taxes Salary 52

Vantage Circle

NOVEMBER 23, 2023

Retirement Plans: Such as 401(k) plans with employer matching contributions Retirement plans, especially 401(k) plans with employer matching contributions, are paramount among employee perks in the United States. A 401(k) is a tax-advantaged retirement savings program provided by employers.

Family and Medical Leave Act 64

Family and Medical Leave Act 401(k) Retirement Plan roth 401(k) 64

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

McNees

JANUARY 13, 2023

High Deductible Health Plans can continue to waive the deductible for any telehealth services for plan years beginning before January 1, 2025. Employers may now offer de minimis financial incentives to employees to participate in 401(k) and 403(b) plans. Retirement Benefit Plans. Webinar.

401(k) 98

401(k) Health and Welfare Employee Benefits Deductions 98

Business Management Daily

SEPTEMBER 17, 2021

The budget reconciliation bill Congress is currently considering is a key piece of legislation and will affect your payroll and benefits administration , as well as your corporate tax rate and your appetite for tax risk. Stricter tax enforcement is one of the ways those who drafted the legislation hope to pay for its costly provisions.

Payroll 52

Payroll 401(k) Taxes Employment 52

Qandle

AUGUST 26, 2022

percent between 2017 and 2025, according to market research. Wage and benefit calculations and tax filings may be done mechanically. Facilitated fiscal administration: One of the most time-consuming tasks for human resources workers is tax management. Core HR software is expected to grow by 9.4 What makes Gusto HR special?

Software 98

Software 401(k) Human Resources Payroll 98

Business Management Daily

MARCH 15, 2021

The Treasury Inspector General for Tax Administration has a flyer you may want to hand out to employees. The core payroll -related provisions include: An extension, expansion, and reordering of the paid sick/family payroll tax credits. A requirement for employers to subsidize COBRA and a payroll tax credit for doing so.

Payroll 52

Payroll 401(k) Paid Sick Leave Taxes 52