PayrollOrg

AUGUST 23, 2024

The New York Department of Taxation and Finance has announced that changes will be coming to withholding tax and wage reporting forms and the online Web File services. The changes will impact employers on the filings due in March 2025.

Taxes 260

Taxes Finance Employment 260

HR Digest

MARCH 1, 2025

The idea of no tax on overtime has brought relief among workers who clock beyond the standard 40-hour work week. Its not here yet, but as of today, i.e. March 1, 2025, its more than just chatter. Its a plank in the House Budget 2025 backed by the current administration. So, when does the no tax on overtime start?

Overtime 111

Overtime Taxes IT Payroll 111

HR Lineup

APRIL 4, 2025

In 2025, several top-tier HR software solutions are tailored specifically for the healthcare sector. Its core functionalities include payroll and tax compliance automation, time and attendance tracking, and a learning management system (LMS) to facilitate continuous staff training.

Healthcare 130

Healthcare Software Hospitality Payroll 130

Flimp Communications

DECEMBER 5, 2024

Whether your HR team is aiming for higher HDHP enrollment, greater wellness program utilization, or improved benefits literacy, achieving your goals in 2025 will invariably depend on your company’s employees learning something and, crucially, retaining that knowledge throughout the year.

Healthcare 105

Healthcare Taxes Voluntary Benefits PTO 105

WEX Inc.

NOVEMBER 21, 2024

When it comes to 2025 employee benefits trends , many companies are seeking innovative solutions to meet the changing needs of their workforce. Additionally, health savings accounts (HSAs) continue to gain attention as a powerful tool for retirement planning, offering tax advantages and the ability to save for future healthcare costs.

Employee Benefits 104

Employee Benefits 401(k) Employment Health Savings Account 104

PayrollOrg

DECEMBER 16, 2024

The IRS released the 2025 Publication 15-T, which describes how to figure federal income tax withholding.

Taxes 260

Taxes 260

WEX Inc.

MARCH 12, 2025

The season for filing taxes is upon us once again. We wanted to share a few tips and reminders about the health savings account (HSA) information youll need for your tax return. Make sure your W-2 form shows HSA payroll contributions Provided by your employer, your W-2 shows the wages you earned and any taxes withheld.

Taxes 103

Taxes Health Savings Account Deductions Deductible 103

Money Talk

AUGUST 3, 2022

This phrase was designed to encourage investors to buy tax-free municipal bonds that provide a higher after-tax return than higher-yielding taxable bonds. In a more general way, the advertisement was also promoting the concept of tax-efficient investing. no tax for New Jersey residents on a New Jersey-issued bond).

Taxes 189

Taxes 401(k) Flexible Spending Account Deductions 189

Money Talk

FEBRUARY 23, 2023

Knowing your tax rate can help you prepare a tax return and take action(s) to reduce your tax liability. Do you know your federal income tax rate? You may actually have several different tax rates (e.g., This post describes the different federal tax rates that apply to taxpayers. a year and a day or longer).

Taxes 188

Taxes Retirement Plan Finance Commissions 188

Money Talk

APRIL 14, 2022

The 2021 income tax season will soon be in the history books. With income tax calculations still fresh in our heads, this is a great time to do some tax planning for 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.

Taxes 189

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

HR Digest

MARCH 12, 2025

With no tax on overtime in California gaining momentum, the golden states tax exemption policy is being touted as a game-changer. But when does no tax on overtime start in California, and what does the overtime tax exemption in California mean for the states workforce? Late last month, on February 27, 2025, the U.S.

Overtime 66

Overtime Taxes Health Payroll 66

Money Talk

JUNE 16, 2022

If you picture retirement planning and taxes as a Venn Diagram, there is lots of overlap between these two areas of personal finance. This is true both during one’s working years (when taxpayers are saving for retirement) and later, when people are older and withdrawing taxable income from tax-deferred accounts.

Taxes 188

Taxes 401(k) Retirement Plan Pension 188

HR Digest

MARCH 5, 2025

As of March 6, 2025, sentiment on tax exemption on overtime pay is shifting. States with no tax on overtime pay are rare, but theyre making huge waves by leaning towards tax exemption on overtime pay. This offers a glimpse into a growing list of states with tax exemption on overtime policies either active or in the works.

Overtime 52

Overtime Taxes Payroll Payroll System 52

Flimp Communications

FEBRUARY 25, 2025

As the April tax filing deadline is nearing, Americas employees let out a collective groan. This isnt a comment on the economy or current tax policies. Tax season has always arrived with a jolt. Tax filing forces people to honestly assess their incomes, savings plans, and progress toward their financial goals.

Taxes 69

Taxes Deductions Deductible Flexible Spending Account 69

HR Digest

APRIL 4, 2025

The upcoming No Tax on Overtime (H.R. With the proposal still in limbo around federal and state tax policies, many are eager to understand how this tax exemption on overtime pay could impact their final paychecks. In this article, well answer key questions around No Tax on Overtime in Virginia.

Overtime 52

Overtime Taxes Government Consulting 52

Employee Benefit News

DECEMBER 27, 2024

The head of people at Justworks breaks down what tax information and benefits you should review before 2025.

Taxes 246

Taxes Employee Benefits 246

PeopleKeep

OCTOBER 23, 2024

In fact, small employers anticipate a 9% increase in health benefit costs going into 2025 1. With a QSEHRA, employees can buy their own individual health insurance policies and get tax-free reimbursements for their premiums and other medical costs.

Health Insurance 105

Health Insurance Healthcare Insurance Medical 105

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. 401(k) plan).

Taxes 125

Taxes 401(k) Retirement Plan Health Savings Account 125

WEX Inc.

DECEMBER 18, 2024

This 2025 Benefits Compliance Checklist outlines key topics, dates, and additional areas to keep an eye on, ensuring your company meets regulatory obligations throughout the year. Key dates February 28, 2025: Paper filing deadline for 1095-C forms. March 3, 2025: Provide 1095-C forms to employees.

Family and Medical Leave Act 52

Family and Medical Leave Act Flexible Spending Account Flexible Spending Insurance Carriers 52

Best Money Moves

DECEMBER 9, 2024

Here are the most important benefits your company needs in 2025. According to Mercers Survey on health & benefit strategies for 2025 , almost 70% of surveyed companies are or are planning to offer financial wellness programs in their benefits package next year. These benefits trends will continue going into 2025.

roth 401(k) 52

roth 401(k) 401(k) Benefits Package Paid Leave 52

Best Money Moves

OCTOBER 22, 2024

Financial Burnout in 2025: How to Address Employee Concerns. Encourage employees to set aside income to cover future medical costs through pre-tax income programs such as health savings accounts. The post Financial Burnout in 2025: How to Address Employee Concerns first appeared on Best Money Moves.

Out of Pocket Cost 59

Out of Pocket Cost Healthcare Health Savings Account Medical 59

Flimp Communications

DECEMBER 19, 2024

Will the global economy enter a recession in 2025, or are we out of the woods? Nearly two-thirds of Americans do not think their personal financial situations will improve in 2025. The post The Importance of Teaching Financial Wellness in 2025 appeared first on Flimp. Is the economy good or bad? Its great for your organization.

401(k) 52

401(k) Financial Counseling Finance Education 52

WEX Inc.

NOVEMBER 14, 2024

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. You won’t need to pay Social Security or Medicare tax on the funds going into the FSA. It is not legal or tax advice.

401(k) 98

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

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 Deductions Deductible Taxes 105

COMPackage

FEBRUARY 25, 2025

In 2025, employee retention continues to be one of the most pressing challenges for organizations across industries. Total compensation statements, which detail salaries along with benefits like health insurance, paid time off, employer-paid taxes (such as FICA), retirement contributions, and other perks, can bridge this gap.

Employee Retention 52

Employee Retention Health and Welfare Health Insurance Retirement Plan 52

HR Digest

MARCH 12, 2025

In 2025, salaries alone no longer define an attractive employment offer. This article unpacks the fringe benefits definition, explores their types and examples, and offers a clear overviewincluding tax implications and practical guidance for employers navigating the IRS fringe benefits guide. What are fringe benefits?

401(k) 72

401(k) Health Insurance Taxes Retirement Plan 72

WEX Inc.

JULY 9, 2024

By contributing more to your HSA, you can use these pre-tax funds to pay for eligible routine or unexpected healthcare expenses that your healthcare plan may not cover. The IRS set 2025 contribution limits for HSAs. Funds generally grow tax-free within an HSA, but only about 8% of HSAs are investing. The post It’s July.

Health Savings Account 98

Health Savings Account Healthcare Medical Taxes 98

Money Talk

APRIL 12, 2023

Common challenges that affect many widows/widowers are aloneness, a lower income, increased taxes/higher tax rate filing as an individual vs. a couple, loss of services that a deceased spouse used to perform, and no longer spending time with couples. placing savings in taxable, tax-free, and tax-deferred accounts).

Banking 246

Banking Taxes Finance Pension 246

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% If you allow employees to make pre-tax contributions to an HSA, you should also update your plan communications to reflect the new amounts. They are not taxed on withdrawals. for individual HSA plans.

Deductions 97

Deductions Deductible Health Savings Account Medical 97

McDermott Will & Emery Employee Benefits

MAY 23, 2024

The New York State fiscal year 2024 – 2025 budget institutes a new tax on health plans, including insurers and managed care organizations. This tax has been garnering attention for its promise to yield $4 billion for New York State.

Taxes 98

Taxes Insurance Employee Benefits Management 98

Money Talk

JANUARY 13, 2022

Think Tax Efficiency - Plan ahead to pay the least amount of taxes legally due on retirement savings. Tax efficiency can have a significant impact on portfolio longevity. The aim is to pay taxes at the lowest possible tax rate and avoid being pushed into higher tax brackets with required minimum distributions (RMDs).

Taxes 242

Taxes Utilities Finance Banking 242

WEX Inc.

DECEMBER 3, 2024

A carryover lets your employees carry FSA funds $660 from their 2025 FSA ) indexed annually per IRS rules) from one plan year to the next. It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers. What is a carryover ? What is a grace period ?

Flexible Spending Account 98

Flexible Spending Account Flexible Spending Medical Taxes 98

Empuls

DECEMBER 24, 2024

Tax advantages : Some benefits, such as retirement savings plans or health insurance, can offer tax advantages for employees and employers.   Eight key trends in staff benefits programs in 2025 The nature of staff benefits has evolved significantly over the years. What benefits do employees value most in 2025?

Retirement Plan 40

Retirement Plan Health Insurance Benefits Package 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? Calculating your commercial vehicle spend and how it will be impacted at tax time, including mileage and leasing, can make a huge difference in your overall expenses.

Bonuses 98

Bonuses Taxes Deductions Deductible 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. Previously, individuals could deduct qualified moving expenses from their personal income taxes.

Taxes 98

Taxes Deductions Deductible Bonuses 98

BerniePortal

NOVEMBER 6, 2024

The IRS has announced key updates for the 2025 tax year, including adjustments to tax brackets, 401(k) contribution limits, and FSA maximums. Read on to learn about the updated figures you’ll need to know for the upcoming tax season.

401(k) 52

401(k) Taxes Healthcare 52

WEX Inc.

JANUARY 2, 2025

Happy New Year and welcome to 2025! A dependent care FSA allows employees to save up to 30% or more on childcare or elder care costs by using pre-tax dollars, lowering their taxable income. Non-discrimination testing (NDT) is a critical IRS requirement for employers to maintain fairness and compliance in tax-advantaged benefit plans.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52