Benefit Resource Inc.

APRIL 11, 2019

In this post, we’ll provide a bit of background about what the Flexible Spending Account (FSA) rollover option is and how it works. Let’s say you had an FSA in 2018 but you decided not to re-enroll for 2019. You just won’t have a new election amount to spend down as well. What is the FSA rollover option?

Taxes 76

Taxes Flexible Spending Account Medical Flexible Spending 76

Benefit Resource Inc.

NOVEMBER 15, 2018

The IRS released the 2019 pre-tax limits for Mass Transit, Parking, Medical FSA and Adoption Assistance. Maximum Election : $265 / month (up from $260 / month in 2018). Maximum Annual Limit : $2,700 (up from $2,650 in 2018). 2018 Adoption Assistance Limit. Maximum Annual Limit : $14,080 (up from $13,810 in 2018).

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Taxes Medical Flexible Spending Employment 40

Benefit Resource Inc.

JANUARY 16, 2020

Incorporating lifestyle components into pre-tax accounts. So, how will this affect tax advantaged accounts like Flexible Spending Accounts and Health Reimbursement Accounts? Tools like HSA Bridge allows employees to pay for qualified expenses with tax-free money before their HSA balance has built up.

Health Savings Account 73

Health Savings Account Flexible Spending Account Flexible Spending Taxes 73

Benefit Resource Inc.

JANUARY 2, 2020

From tax reform to how-to articles, here are the top 10 blogs from Benefit Resource: Check Your Balance. So far, prices have held steady… Pre-tax limits. Across 2018 and 2019, the announcement of pre-tax limits held employees’ attention. Stay on the ball and check view 2020 pre-tax limits here and here.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Health Savings Account Taxes 40

Benefit Resource Inc.

JUNE 25, 2019

According to a November 2018 article from SHRM “Adopting a child from foster care may cost about $2,500, domestic private adoptions can cost up to $40,000, and international adoptions can cost up to $30,000.” Adoption Assistance Accounts allow employees to set aside funds on a pre-tax basis to pay for adoption-related expenses.

Taxes 40

Taxes Medical Flexible Spending Employment 40

PeopleStrategy

NOVEMBER 7, 2017

If certain individuals received raises or promotions, make sure these changes are reflected in their current pay stubs as well as in tax documents and company records. Pay careful attention to overtime laws and tax filings for freelancers, contract workers and remote employees located outside the state in which your company is located.

Flexible Spending Account 58

Flexible Spending Account Taxes Flexible Spending Retirement Plan 58

Corporate Synergies

AUGUST 6, 2018

Employers that have gone the HDHP route typically offer a qualified plan that includes a health savings account to help pay for qualifying medical expenses tax-free. In addition, employers can contribute tax-free dollars if they choose—all of which is employee money. This is even better tax treatment than the typical retirement plan!

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401(k) Health Savings Account Retirement Plan Deductible 40