All Items: Fringe Benefits

  • 2017 Retirement Plan COLAs and Fringe Benefit Limitations Issued by IRS

    Date:
    November 1, 2016

    The IRS has released the 2017 cost-of-living adjustments (COLAs) to the dollar limitations on benefits and contributions to qualified retirement and deferred contribution plans.

  • Annual Inflation Adjustments for Fringe Benefits and Income Taxes Released by IRS

    Date:
    October 27, 2016

    The IRS has released Revenue Procedure 2016-55, which provides the annual inflation adjustments to the employer-provided fringe benefit limitations and personal income tax-related amounts.

  • Final IRS Regulations Define Marriage in Gender-Neutral Terms

    Date:
    September 6, 2016

    On September 2, the IRS released immediately effective final regulations that define the term "spouse" in a gender-neutral manner under federal law. The regulations follow up on two Supreme Court decisions that have recognized same-sex marriage at the federal and state levels since 2013.

  • State Payroll Deduction Auto-IRAs Authorized by DOL

    Date:
    September 1, 2016

    In the interest of encouraging retirement savings to protect the economic security of older Americans, the Department of Labor's Employee Benefits Security Administration has issued a final rule guiding states on how to design payroll deduction savings initiatives with automatic employee enrollment (auto-IRAs) without being preempted by the Employee Retirement Income Security Act (ERISA). The final rule also provides guidance to the employers that eventually may be required to offer such programs to employees.

About This Category

News: Payroll tax laws affecting fringe benefits and other common employer payments.