Remove 401(k) Remove Events Remove Health Savings Account
article thumbnail

Ten Tax Planning Tips for 2022

Money Talk

Since there is no longer a non-itemizer’s charitable deduction in 2022 and only about 10% of tax filers itemize, you’ll probably have fewer receipts to save. To err on the side of caution in the event of an audit, experts advise keeping tax records for at least six years. ¨ 401(k), 403(b), and traditional IRA). . ¨

Taxes 263
article thumbnail

2023 IRS Limits for HSA, FSA, 401k, HDHP, and More [Comprehensive Guide]

Griffin Benefits

Together, these combined announcements by the IRS detail 2023 adjusted limits to the amounts employees can tuck away pretax into Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), transportation benefits, and retirement plans such as 401(k)s. 2023 Retirement Plan Limits Increase.

401(k) 85
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How HSAs can transform retirement planning and your common questions

WEX Inc.

And it’s a solution you might already be offering: the health savings account. These accounts provide another way for your employees to diversify their efforts to prepare for retirement. A 401(k) is a tax-deferred account where individuals do not pay income taxes on amounts contributed,” Cook said.

article thumbnail

2022 IRS HSA, FSA and 401(k) Limits [A Complete Guide]

Griffin Benefits

Together, these combined announcements by the IRS detail 2022 adjusted limits to the amounts employees can tuck away pretax into Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), transportation benefits, and retirement plans such as 401(k)s. HSA & HDHP Limits Increase for 2022.

401(k) 56
article thumbnail

How does a decision support tool work?

Benefit Resource Inc.

Planned/unexpected medical and life events (e.g., Expected costs for the year related to routine healthcare, medical events, vision, dental, and child care expenses. *A A Health Savings Account to save on medical expenses. A Limited Purpose FSA to save on dental and vision expenses.

401(k) 75
article thumbnail

Examples of fringe benefits by category

Business Management Daily

Fringe benefits generally cover needs such as: Health and wellness Retirement planning Time off and vacation Financial offerings Work-life balance Company-sponsored fixtures and events Professional development Let’s take a look at what’s included in each category. It’s a touchy subject.

article thumbnail

11 Benefits to Consider Including in Your Employee Total Compensation Statements

COMPackage

Nearly all US companies guarantee access to 401(k) and health insurance. Health and Wellness Benefits Gym memberships, yoga classes, massage therapy, and corporate challenge athletic events will encourage your employee to live a healthier lifestyle.

401(k) 52