WEX Inc.

MAY 10, 2024

Key takeaways – 2025 HSA contribution limits 2025 HSA contribution limits will increase to $4,300 and $8,550 for self-only and family HSAs, respectively. 2025 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. Health savings account (HSA) contribution limits are on the rise again in 2025.

Health Savings Account 105

Health Savings Account Deductible Deductions Taxes 105

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. FSA Ownership: You own your HSA.

401(k) 98

401(k) Flexible Spending Account Health Savings Account Flexible Spending 98

InterWest Insurance Services

JUNE 20, 2024

The IRS has announced significantly higher health savings account contribution limits for 2025, with the amount increasing 3.6% The IRS updates this amount annually, along with minimum deductibles as well as the out-of-pocket maximums for high-deductible health plans. for individual HSA plans. They are not taxed on withdrawals.

Deductible 97

Deductible Deductions Health Savings Account Medical 97

Proskauer's Employee Benefits & Executive Compensa

JANUARY 31, 2023

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. Not only do the CAA 2023’s “SECURE 2.0”

Deductions 98

Deductions Deductible Health Savings Account Retirement Plan 98

Money Talk

AUGUST 3, 2022

Below are six tax-saving ideas gleaned from recent webinars and research for my book: Look Toward the Future - Absent new tax legislation, the Tax Cuts and Jobs Act is scheduled to sunset after 2025, tax rules will return to what they were in 2017, and tax rates will be higher than they are right now.

Taxes 189

Taxes 401(k) Flexible Spending Account Deductible 189

Money Talk

APRIL 14, 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. Strategies to garner a tax benefit for charitable gifts to qualified charities include “bunching” deductions into one tax year and setting up and funding a donor advised fund.

Taxes 189

Taxes Family and Medical Leave Act 401(k) Deductible 189

CorpStrat

DECEMBER 4, 2024

Open enrollment is wrapping up, and now is the time to ensure your benefits package is ready to meet employee needs and support your 2025 business goals. Ensure your employees understand their options, any changes for 2025, and the enrollment deadlines. Review 2025 Plan Design Changes Have you updated your plans for 2025?

Employee Benefits 52

Employee Benefits Employment Disability Insurance Health Savings Account 52

Empuls

DECEMBER 24, 2024

  Eight key trends in staff benefits programs in 2025 The nature of staff benefits has evolved significantly over the years. Here are some key trends in staff benefits programs in 2025, along with examples of companies successfully implementing these changes. What benefits do employees value most in 2025?

Retirement Plan 40

Retirement Plan Health Insurance Benefits Package Healthcare 40

Money Talk

JUNE 13, 2024

With the 2023 tax filing deadline in the rear view mirror, now is a good time to look ahead to 2024 taxes that you will owe in April 2025. This post extends that discussion with a description of seven key steps to take to plan for your 2024 tax return due in 2025. As a result, there will be an increase in tax rates (e.g.,

Taxes 125

Taxes 401(k) Retirement Plan Health Savings Account 125

Flimp Communications

FEBRUARY 25, 2025

Employees can deduct up to $300 per month in transit account contributions and $300 per month in parking account contributions. Although 529 contributions are not tax-deductible, this popular college savings plan has tax advantages. Find out with your free 2025 Benefits Communications Calendar. Commuter benefits.

Taxes 69

Taxes Deductible Deductions Flexible Spending Account 69

Sodexo Engage

JANUARY 3, 2025

Pluxee Employee Benefits Platform mariana.nunes Fri, 01/03/2025 - 18:02 Discover a wide range of employee benefits. Refurbished Tech and lifestyle-improving Salary Deduct Schemes. Refurbished Tech Scheme - Save up to 60% on refurbished devices - paid upfront or through salary deductions.

Employee Benefits 52

Employee Benefits Retail Deductible Deductions 52

Sodexo Engage

JANUARY 3, 2025

Employee benefits LP - Cloned mariana.nunes Fri, 01/03/2025 - 18:02 Discover a wide range of employee benefits. Refurbished Tech and lifestyle-improving Salary Deduct Schemes. Refurbished Tech Scheme - Save up to 60% on refurbished devices - paid upfront or through salary deductions.

Employee Benefits 52

Employee Benefits Retail Deductible Deductions 52

HR Digest

MARCH 5, 2025

As of March 6, 2025, sentiment on tax exemption on overtime pay is shifting. Though recent polls on state no tax on overtime rules are scarce this early in 2025, the Tax Foundation notes a federal exemption could cut revenue by $680 billion over a decadefuel for HR debates on fairness and retention.

Overtime 52

Overtime Taxes Payroll Payroll System 52

Proskauer's Employee Benefits & Executive Compensa

DECEMBER 19, 2024

Important UpdatePre-Deductible Telehealth HSA Relief Ends on December 31, 2024 : As discussed in our post below, although extension of the telehealth safe harbor was included in various bill drafts, the year-end spending bill signed into law on December 21, 2024 (American Relief Act, 2025) does not include pre-deductible telehealth relief.

Deductions 40

Deductions Deductible Health Savings Account Taxes 40

McNees

MAY 25, 2022

The paid leave will be funded by employee wage deductions and, for employers with 15 or more employees, employer contributions or the establishment of self-funded private employer plans to provide paid leave. Employer contributions begin on January 1, 2025, and eligible employees will be permitted to take leave beginning on January 1, 2026.

Paid Leave 105

Paid Leave Parental Leave Deductible Deductions 105

Snell & Wilmer Benefits

JANUARY 24, 2023

If you sponsor a high deductible health plan (“HDHP”) and have been tracking telehealth relief, your head may be spinning and rightfully so! The relief allows, but does not require, HDHPs to provide telehealth and other remote care services on a pre-deductible basis without making participants health savings account (“HSA”) ineligible.

Deductions 52

Deductions Deductible Family and Medical Leave Act Health and Welfare 52

Benefits Notes

JANUARY 4, 2023

The CARES Act permitted high deductible health plans (“HDHP”) to provide first-dollar telehealth services or other remote care services. This allowed individuals covered under a HDHP that waived the deductible for telehealth services or other remote care to maintain HSA eligibility.

Deductible 98

Deductible Deductions Insurance Consulting 98

Employer Connection

AUGUST 20, 2024

A non-grandfathered group health plan’s in-network out-of-pocket maximum for essential health benefits (EHBs) for the 2025 plan year cannot exceed $9,200 for self-only coverage and $18,400 for other-than self-only coverage. Visit the Trustmark Healthcare Reform Blog to learn more.

Deductions 40

Deductions Deductible Healthcare 40

WEX Inc.

JUNE 20, 2024

Tax deductions if you have a fleet of commercial vehicles Are you a small or large business owner with commercial vehicles, or a fleet manager? Rather than taking the traditional vehicle depreciation over time, business owners and fleet managers can now take immediate deductions during tax season.

Bonuses 98

Bonuses Taxes Deductible Deductions 98

Business Management Daily

AUGUST 31, 2023

Expenses that could previously be deducted on an employee’s tax return may no longer qualify, and relocation benefits that previously could be paid out without counting towards a taxpayer’s income may now result in higher tax liabilities. Can employees deduct their moving expenses? Are moving expenses paid directly to vendors taxable?

Taxes 98

Taxes Deductible Deductions Bonuses 98

JGA Recruitment

JANUARY 2, 2025

The pace of change accelerates in 2025, as companies recognise the chance to rebirth their payroll strategies, this time around, designing them with their people’s stories in mind. Today’s workforce expects clear, accessible information about their earnings, deductions and benefits.

Payroll 52

Payroll Payroll System Deductible Deductions 52

Snell & Wilmer Benefits

JANUARY 24, 2023

If you sponsor a high deductible health plan (“HDHP”) and have been tracking telehealth relief, your head may be spinning and rightfully so! The relief allows, but does not require, HDHPs to provide telehealth and other remote care services on a pre-deductible basis without making participants health savings account (“HSA”) ineligible.

Deductions 40

Deductions Deductible Family and Medical Leave Act Health and Welfare 40

WEX Inc.

OCTOBER 9, 2024

Contributions are tied to enrollment in a high-deductible health plan (HDHP). For FSAs , the IRS typically announces new contribution limits in the fall, and for 2025, it’s projected to be $3,300. For HSAs , the 2025 limit will be $4,300 for individuals and $8,550 for families.

Flexible Spending Account 95

Flexible Spending Account Health Savings Account Flexible Spending Taxes 95

InterWest Insurance Services

DECEMBER 7, 2023

Also, employees will be able to carry over up to $640 next year into 2025 if they have funds left over in their account, if their employer allows it (it’s optional). The IRS recently announced that the annual contribution limit for flexible spending accounts will rise to $3,200 in 2024, up $150 from this year.

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Pharmaceutical Health Savings Account 98

cipHR

NOVEMBER 15, 2021

For the 2021/22 tax year (and through to 2025/26), the tax code for most people under 65 who only have one job or pension is 1257L. Since pension auto enrolment was introduced in 2012, more people than ever have pension deductions – employee and employer pension contributions – showing on their payslips. Personal details.

Pension 98

Pension Gross Pay Payroll Deductible 98

Employee Benefits

AUGUST 28, 2024

In the second year, there will be a further increase of inflation plus 1.5%, which will be based on consumer prices index levels in March 2025. There is also an agreement to reopen pay negotiations if levels in March 2025 exceed 4%. The minimum award will be 3.5% and the maximum 5%.

Deductible 59

Deductible Deductions Employee Benefits Employment 59

Employee Benefits

FEBRUARY 22, 2023

Employers can also benefit from the NI savings made by deducting employees’ car payments from their salary. This figure will increase by one percentage point per year from 2025 to 2028. With BIK being kept at 2% until 2025, drivers are able to afford a brand new electric car where they otherwise would not have been able to.

Salary 98

Salary Taxes Government Insurance 98

Insperity

OCTOBER 10, 2023

Act are: Starting in 2025, long-term, part-time employees – those workers with at least two years’ tenure and who have worked a minimum of 500 hours – must be able to participate in their company’s retirement plan. It’s important to note that these are tax credits, not deductions. The SECURE 2.0 Major highlights of the SECURE 2.0

401(k) 116

401(k) Retirement Plan Taxes Benefits Package 116

Employer Connection

AUGUST 1, 2024

*The Consolidated Appropriations Act permits qualified high-deductible health plans to cover services prior to the deductible being met through December 31, 2024.

Deductible 52

Deductible Deductions Medical Insurance 52

PeopleStrategy

APRIL 18, 2022

On top of that, this tax credit was extended by the government up to the year 2025, which gives your small business ample time to save more from taxes. Costs like business meals, marketing spend, office rent, travel, and other business expenses can be written off or deducted at tax time. Need help with small business tax tips?

Taxes 52

Taxes Deductible Deductions Entertainment 52

Employee Benefits

JUNE 18, 2024

The union also arranged that the women’s team and DBU will begin negotiations this year rather than in 2025. We didn’t want to talk with the DBU if the only way to give the women more money, would be by deducting it from the men’s team. That’s not how you create equality.”

Deductible 59

Deductible Deductions Insurance Employee Benefits 59

Employee Benefits

AUGUST 21, 2024

The Living Wage Foundation considers the real cost of living to be £12 per hour and it is expected that, from possibly as early as April 2025, Labour will introduce a flat minimum rate of £12 per hour for everyone aged 18 and over. The new Labour government, which came to power in July, has pledged to increase these figures even further.

Pension 59

Pension Deductible Deductions Salary 59

Employer Connection

JANUARY 21, 2025

Congress did not extend telehealth benefit flexibility for high deductible health plans beyond Dec. 1, 2025, and after. As a result, changes were made to the virtual musculoskeletal (MSK) treatment benefit for our major medical CDHP designs with plan years beginning Jan. Learn more.

Deductible 40

Deductible Deductions Medical 40

Winston Benefits

JUNE 5, 2018

This generation is already half of the workforce, and by 2025 is expected to make up 75 percent of working Americans. Three primary factors have contributed to this increase in spending on benefits tech. The Rise of Millennials. Millennials are reshaping the workplace, and benefits technology is no exception.

Technology 61

Technology Benefits Package Deductible Deductions 61

Employee Benefits

FEBRUARY 26, 2024

Millennials will make up 75% of the global workforce by 2025 – next year – and they want their employers to be socially responsible. SmartPay – helping employees avoid credit cards and loans through salary deduct. Debt and loan consolidation – making tough times more manageable.

Employee Retention 111

Employee Retention Bonuses Recruitment Taxes 111

Employee Benefits

AUGUST 7, 2024

. “The current P46 process can lead to delays in setting up the benefit-in-kind process with HMRC, and as a result, tax may not be deducted in the correct month.”

Payroll System 59

Payroll System Taxes Payroll Take Home Pay 59

Business Management Daily

JANUARY 5, 2021

Congress has put to rest the controversy regarding whether expenses associated with loans forgiven under the Paycheck Protection Program are deductible on your corporate return. 31, 2025: The Work Opportunity Tax Credit. Expanded meal deduction. Originally, the IRS said no because it was a double-dip. Tax extenders. Through Dec.

Family and Medical Leave Act 52

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