Why your financial wellness benefits need to cover payroll deductions
Employee Benefit News
JUNE 24, 2025
More workers feel confident about how much they're spending on streaming services than toward taxes and health insurance.
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Are employees getting fed up with high-deductible health plans?
Employee Benefit News
APRIL 11, 2024
According to a report by LendingTree's ValuePenguin, high-deductible health plan enrollment dropped for the first time since 2013.
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Unlock The Hidden Value Of Group Medicare Advantage For 2026
Trending Sources
$0 copays and deductibles? Curative is helping companies make their healthcare plans accessible
Employee Benefit News
SEPTEMBER 12, 2024
Curative, a healthcare services firm, is working to slash costs and encourage workers to seek treatment earlier.
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Why this insurer designed health plans with no deductibles or copays
Employee Benefit News
NOVEMBER 17, 2023
Fred Turner, CEO of Curative, explains why employers need to break away from traditional health plans.
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Making the business case for hearing benefits
Employee Benefit News
JUNE 26, 2025
Read more: Why your financial wellness benefits need to cover payroll deductions 3. June 25 Jeb Dunkelberger ClearPoint Health Employee benefits Why your financial wellness benefits need to cover payroll deductions More workers feel confident about how much theyre spending on streaming services than toward taxes and health insurance.
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Managing Higher Commercial Property Insurance Deductibles
InterWest Insurance Services
JUNE 17, 2025
As commercial property insurance rates have climbed steadily in the last five years, insurers have been increasing deductibles, sometimes for all risks, but sometimes for specific perils, such as hail. Often, business owners fail to notice these increased deductibles until they file a claim. Which businesses benefit most?
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Higher deductibles, premiums and co-pays: Aflac previews healthcare in 2024
Employee Benefit News
NOVEMBER 1, 2023
Jeri Hawthorne, CHRO at Aflac, breaks down the gap between employer-provided benefits and employees' needs.
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Are deductibles and coinsurance keeping employees from accessing healthcare?
Employee Benefit News
APRIL 17, 2023
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When can employees change their pretax deductions?
Business Management Daily
AUGUST 30, 2024
The cafeteria-plan rules require employees to designate their pretax deductions before the start of the plan year. However, there are circumstances under which cafeteria plans may—but aren’t required to—allow employees to change their pretax deductions. The post When can employees change their pretax deductions?
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Don't let PTO go to waste: An AI-powered approach to cashing out time
Employee Benefit News
JUNE 26, 2025
Read more: Why your financial wellness benefits need to cover payroll deductions "Employees have been forced to adopt common but harmful financial practices like overspending on their paychecks, payday loans or eating into their long term savings," Eilat-Raichel says.
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10 worst and best states for healthcare access
Employee Benefit News
OCTOBER 23, 2024
From the lowest number of hospital beds to the highest average deductibles, see which states have the worst healthcare.
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Understanding Service Rewards and Taxation Benefits in the US
Vantage Circle
AUGUST 1, 2024
A significant return on investment from awards is augmented by their tax deductibility. As per the Internal Revenue Service, you can deduct up to $400 for non-qualified employee achievement awards and $1,600 for qualified awards given to the same employee within a year.
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4 considerations when choosing employee benefits for the first time
WEX Inc.
OCTOBER 2, 2024
To take advantage of an HSA, you need to participate in an HSA-eligible health plan (or high-deductible health plan). HSA-eligible health plans typically have lower premiums but higher deductibles. Assess your ability to cover the deductible before choosing this plan.
Ten Tax Planning Tips for 2022
Money Talk
MAY 18, 2022
Since there is no longer a non-itemizer’s charitable deduction in 2022 and only about 10% of tax filers itemize, you’ll probably have fewer receipts to save. The 2022 standard deduction is $12,950 for individuals ($14,700 age 65+) and $25,900 for married filing jointly ($28,700 if both spouses are age 65+).
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Takeaways From a Conference About Retirement Savings
Money Talk
APRIL 17, 2025
In other words, take action once to automate financial transactions such as payroll deductions for a 401(k) or regular automatic deposits to buy stock or mutual funds. Automatic Non-Decisions- An easy way for people to save money for retirement is to turn decisions into non-decisions.
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5 ways higher mileage reimbursement will have an impact this tax season
Employee Benefit News
MARCH 25, 2024
The IRS standard rate influences tax deductions, business operations, compliance requirements, financial planning and employee compensation strategies.
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How to Create a Pay Stub for Employees?
HR Lineup
JANUARY 29, 2024
A pay stub not only serves as a record of an employee’s earnings but also provides crucial information about deductions, taxes, and other financial details. Deductions: Federal and state taxes Social Security and Medicare contributions Health insurance premiums Retirement contributions 4. Deductions and Taxes 1.
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IRS Announces HSA Limits for 2025
PayrollOrg
MAY 10, 2024
The IRS announced the 2025 maximum contribution levels for health savings accounts (HSAs) and out-of-pocket spending limits and deductible minimums for high deductible health plans that must be used in conjunction with HSAs.
IRS Loosens Preventive Care Coverage Rules
InterWest Insurance Services
DECEMBER 5, 2024
New guidance issued by the IRS expands the types of preventive care benefits that high-deductible health plans are required to cover with no out-of-pocket costs on the part of plan enrollees. Benefits under HDHPs typically do not kick in until the enrollee has met their deductible.
IRS Announces 2026 Limits for Health Savings Accounts, High-Deductible Health Plans, and Excepted Benefit HRAs
McDermott Will & Emery Employee Benefits
MAY 6, 2025
The Internal Revenue Service recently announced cost-of-living adjustments to the applicable dollar limits for health savings accounts, high-deductible health plans, and excepted benefit health reimbursement arrangements for 2026. All of the dollar limits currently in effect for 2025 will change for 2026, with the exception of one limit.
When Does No Tax on Tips Start? Key Dates and Facts
HR Digest
MAY 21, 2025
The bill amends the Internal Revenue Code to allow a federal income tax deduction of up to $25,000 annually for qualified cash tips reported to employers. Our timeline suggests that workers could deduct tips earned in 2025 when filing their 2026 tax returns. It also increases the likelihood of timely House approval.
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IRS Announces 2025 Limits for Health Savings Accounts, High-Deductible Health Plans and Excepted Benefit HRAs
McDermott Will & Emery Employee Benefits
MAY 9, 2024
The Internal Revenue Service (IRS) recently announced (see Revenue Procedure 2024-25) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2025.
What is Global Payroll? A Complete Guide with Challenges & Solutions
Qandle
MAY 21, 2025
It involves calculating salaries, taxes, benefits, deductions, and ensuring that employees are paid accurately and on time, while adhering to the varying legal and tax requirements of each country. Managing these deductions can be complex when dealing with employees in multiple countries with differing benefit schemes.
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The Importance of Unified HR Solutions in 2025
HR Lineup
MARCH 23, 2025
Benefits tracking with automated enrollment and deduction calculations. Payroll & Benefits Administration Automated payroll processing with real-time tax calculations. Multi-currency support for global payroll management. Workforce Planning & Succession Management Predictive analytics to identify future leadership potential.
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Your HSA and your tax return: 4 tips for filing
WEX Inc.
MARCH 12, 2025
It also shows pre-tax contributions made to your account by you and your employer through payroll deductions. Its a little different from your W-2 because itll show any contributions not just those made through payroll deductions. You’ll need this form when filing your taxes. On the other hand, a 5498-SA reports contributions.
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IRA Basics for Retirement Savers
Money Talk
OCTOBER 27, 2022
History - In the early 1980s, federal legislation created a tax-deductible IRA for anyone with earned income. Significant changes in 1986 established income limits for participants in an employer-sponsored retirement plan that eliminated the tax deductibility of traditional IRA contributions for some people.
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HSA vs. FSA: See how you’ll save with each
WEX Inc.
NOVEMBER 14, 2024
You must be enrolled in a high-deductible health plan (HDHP) to be eligible, which lowers you insurance premiums. Health savings accounts have a triple-tax advantage, meaning distributions for qualified medical expenses and investment returns are tax-free, and contributions are tax-deductible.
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Connecticut DOL Issues EWA Guidance for Employers
PayrollOrg
MAY 24, 2024
The Connecticut Department of Labor has issued earned wage access (EWA) guidance for employers that includes information about wage deductions for fees.
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No Tax on Tips: When Will It Go Into Effect?
HR Digest
MAY 22, 2025
Those who benefit from the No Tax on Tips bill could see tax deductions of up to $25,000, which is no small number. If Senate Bill 129 is approved in 2025, the tax deduction will apply to taxable years beginning after December 31, 2024. When the No Tax on Tips bill goes into effect will also depend on a few different factors.
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10 Best Trucking Payroll Software Vendors in 2025
HR Lineup
APRIL 15, 2025
It automates critical tasks like calculating driver settlements, managing multi-state tax compliance, tracking hours or mileage, handling benefits deductions, and generating reports for tax filing. Axis TMS Payroll Overview Axis TMS provides a full transportation management system with built-in payroll tools for fleet operators.
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2025 FSA limits and commuter limits announced
WEX Inc.
OCTOBER 22, 2024
The available adoption credit begins to phase out for taxpayers with modified adjusted gross income in excess of $259,190 and is completely phased out for taxpayers with modified adjusted gross income of $299,190 or more.
2026 HSA Contribution, HDHP Cost-Sharing Limits
InterWest Insurance Services
MAY 29, 2025
The IRS updates this amount annually, along with minimum deductibles and out-of-pocket maximums for high-deductible health plans. They can put money into their HSA through pre-tax payroll deductions, deposits or transfers. for individual HSA plans. They are not taxed on withdrawals. Medical devices.
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What Is a Qualified Retirement Plan?
HR Lineup
MARCH 13, 2022
However, the tax deduction is limited to a maximum of 25% of the total salary of the employees in this qualified employee benefit plan. As an employer, your contributions towards a qualified plan are tax-deductible. The employer then accumulates the resulting total over a specified period as part of the employee’s retirement.
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HDHP Enrollment Slipping: What It Means for Employers
InterWest Insurance Services
APRIL 24, 2025
For years,high-deductible health plans have been the most common type of health insurance that employers offer. How HDHPs work and their drawbacks An HDHP typically featureslower monthly premiumsin exchange for ahigher annual deductible. HDHPs surged in popularity between 2013 and 2021, peaking at 55.7% enrollment.
How to Implement an Artificial Intelligence Policy [Part 3]
HR Bartender
OCTOBER 22, 2024
Auto meal break deductions and other longer break periods may result in an FLSA violation (including nursing mother breaks). AI may improperly auto deduct the waiting time. Employers must ensure that employees are completely relieved of duty for time to be counted as unpaid break time.
Ten Benefits of Self-Employment in Later Life
Money Talk
OCTOBER 11, 2023
Tax Write-Off for Self-Employment Tax - On line 15 of Schedule 2 (for a 1040 form), self-employed workers can write off the deductible portion of their self-employment tax (calculated on Schedule SE), which will lower adjusted gross income (AGI), a trigger for many other taxes.
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Role of Payroll Software in Eliminating Compliance Risks
Qandle
JANUARY 29, 2025
5 Streamlines Benefit Deductions Benefit deductions, such as healthcare premiums, retirement contributions, and other employee benefits, can be complex to calculate. Payroll software simplifies this process by automatically applying the correct deductions based on employee benefits selections.
Are work picnics a must-have summer benefit?
Employee Benefit News
JUNE 25, 2025
8h ago Jeb Dunkelberger ClearPoint Health Employee benefits Why your financial wellness benefits need to cover payroll deductions More workers feel confident about how much theyre spending on streaming services than toward taxes and health insurance.
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Salary Deduction in the UAE Explained
Darwinbox
MAY 27, 2025
Discover key rules and legal guidelines around salary deductions in the UAE. Stay compliant and informed with this comprehensive overview.
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Tax Planning Tools and Techniques
Money Talk
MARCH 22, 2023
I recently attended a NY Public Library webinar about tax planning and below is a summary: Standard Deduction - 2023 saw the largest ever automatic adjustment to standard deductions since indexing was introduced in the 1980s. A larger standard deduction means that taxpayers can shelter more income from income taxes.
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Trends Pushing Auto Insurance Rates Higher
InterWest Insurance Services
FEBRUARY 18, 2025
It could also mean that drivers are choosing not to report damage that may fall below or slightly above their deductibles, which policyholders have been increasing to reduce their premiums. Between January 2019 and July 2024, the average first-party deductible grew by 47% in the U.S. We can help you think through these decisions.
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Ten Upsides of Inflation
Money Talk
JANUARY 18, 2023
Standard Deduction - The amount of income taxpayers can shelter from income taxes rises with inflation (e.g., for couples filing jointly, the standard deduction is $27,700 in 2023 vs. $25,900 in 2022). Marginal Tax Brackets - Income ranges in the seven marginal tax brackets ranging from 10% to 37% are inflation-based.
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Tariffs and Inflation Stressing You Out? Fight Back!
Money Talk
JUNE 20, 2025
I increased deductible, changed the policy amount, etc.) If not, use the Rule of Three worksheet to compare three alternative vendors for products and lenders for loans. Be sure to ask about discounts (e.g., Insurance- Play “what if” (i.e.,
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What is Nonqualified Deferred Compensation?
HR Lineup
MARCH 10, 2022
Note that with both plans, tax accumulates, and the IRS will deduct employees during retirement as if they were ordinary income. . An employer deducts a specific amount of money from the employees’ salaries to fund their retirement. For example, consider your financial circumstances, such as the amount of tax deducted when claiming it.
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