-
IRS Releases 2024 Qualified Benefit Plan Limits
November 9, 2023
The IRS has announced 2024 contribution limits for Flexible Spending Accounts, Adoption Assistance Programs and Commuter Plans.
-
Important Plan Limits for 2024
December 20, 2023
On November 9,2023, the IRS issued IRS Revenue Procedure 2023-34, which address annual inflation adjustments for more than 60 tax provisions. Included are new limits for Flexible Spending Accounts, Commuter Benefits and various other code provisions.
-
Avoid Compliance Mistakes During Open Enrollment
December 20, 2023
Open enrollment is one of the busiest times of year for employee benefits professionals. It’s a stressful season that typically results in questions and complaints and comes with a high potential for both employer and employee mistakes.
-
Tax Implications of Lifestyle Spending Accounts
December 20, 2023
Lifestyle Spending Accounts (LSAs) are a relatively new type of benefit that allows employers a great deal of flexibility, allowing employers to give their employees money to spend on products and services that will enhance their lives, but LSAs should not include expenses covered under any other insurance programs or pre-tax benefits.