All Items: Fringe Benefits

  • Auto-Enrollment IRAs Overturned Under Congressional Review Act

    March 31, 2017

    Congress has voted to overturn the US Department of Labor rule regarding auto-enrollment IRAs. The joint resolution now heads to the President's desk for signature.

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

    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

    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

    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

    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.

  • IRS Issues Guidance on Retroactive Increase in Excludable Transit Benefits

    January 12, 2016

    In Notice 2016-06, the IRS provides correction procedures for fourth quarter Forms 941 and Forms W-2, in light of the retroactive increase in the 2015 monthly transit benefit limit under the PATH Act of 2015.

About This Category

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