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Twelve Tax Planning Topics for 2022

Money Talk

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. President, most people can’t itemize without a plan. For example, parents can gain or lose the child tax credit.

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A New Normal? Omnibus Bill Extends High Deductible Health Plan Telehealth Safe Harbor

Proskauer's Employee Benefits & Executive Compensa

provisions make some significant changes for retirement plans , but CAA 2023 also extends the telehealth plan safe harbor for high-deductible health plans (“HDHPs”) that were first introduced in the 2020 CARES Act. The two-year extension continues the relief until January 1, 2025. cut scheduled for 2024.

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Employee Focused Retirement Plans

HR Professionals Magazine

As an HR professional, you might read that title and think, “Duh – aren’t all retirement plans focused on employees?” 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.

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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

Act seeks to: Open access to 401(k) retirement plans to more people Provide greater opportunities to save Offer financial incentives to save while removing common barriers and penalties So, what does the law require of employers? The SECURE 2.0 Major highlights of the SECURE 2.0 Major highlights of the SECURE 2.0

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Congress passes SECURE 2.0 Act, making important changes to 401(k)s

Business Management Daily

Act of 2022 —90+ provisions focused on 401(k) and other retirement plans. Congress has chosen to pay for it by mandating that plans offering certain 401(k) features, like catch-up contributions, be made on an after-tax, Roth basis. Auto-enrollment plans have been around for quite some time; SECURE 1.0 SECURE 2.0

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Leveraging employee financial wellness programs in your benefits strategy

Higginbotham

Offering retirement benefits also makes financial sense because they often come with tax incentives. Department of Labor explains that the Employee Retirement Income Security Act (ERISA) covers two main types of retirement plans: defined benefit plans and defined contribution plans.

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How Employee Perks Can Help Companies in the US

Vantage Circle

These incentives span a wide array, from health benefits and retirement plans to flexible work arrangements, financial bonuses, and professional development opportunities. Paid parental leave, support for fertility-related expenses, and assistance with adoption or surrogacy costs are also part of the benefitws plan.