InterWest Insurance Services

DECEMBER 7, 2023

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. 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).

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Pharmaceutical Health Savings Account 98

WEX Inc.

OCTOBER 22, 2024

The IRS released 2025 contribution limits for medical flexible spending accounts (medical FSAs), commuter benefits , and more as part of Revenue Procedure 2024-40. Employers can allow employees to carry over $660 from their medical FSA for taxable years beginning in 2025, which is a $20 increase from 2024.

Flexible Spending Account 98

Flexible Spending Account Health Savings Account Deductible Deductions 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

WEX Inc.

NOVEMBER 14, 2024

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. You must be enrolled in a high-deductible health plan (HDHP) to be eligible, which lowers you insurance premiums. The 2025 HSA limits are $4,300 for self-only and $8,550 for family. Your employer owns your FSA.

401(k) 98

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

WEX Inc.

OCTOBER 9, 2024

Health savings accounts (HSAs) and flexible spending accounts (FSAs) are often misunderstood, despite their significant financial advantages. Contributions are tied to enrollment in a high-deductible health plan (HDHP). 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

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

Vantage Circle

NOVEMBER 23, 2023

In this, employees can elect to have a portion of their earnings automatically deducted from their paychecks and directed into their investment account. They are actively working towards achieving gender parity in global leadership by 2025. Making the most of Flexible Spending Accounts (FSAs) involves a smart approach.

Family and Medical Leave Act 64

Family and Medical Leave Act 401(k) Retirement Plan roth 401(k) 64