All Items: Employment Taxes

  • IRS Releases 2019 Inflation Adjustments to Fringe Benefits and Income Taxes

    November 21, 2018

    The IRS has released Revenue Procedure 2018-57, which lists the inflation adjustments for a variety of employer-provided fringe benefits for 2019.

  • 2019 Social Security Taxable Wage Base Marks Notable 3.5% Increase

    October 16, 2018

    The Social Security taxable wage base - the ceiling on the 6.2% Social Security portion of FICA taxes - will be $132,900 in 2019. This represents a 3.5% increase over the 2018 taxable wage base of $128,400, and is one of the larger percentage increases in several years.

  • IRS Issues Highly Anticipated Form W-4 Guidance in Wake of Tax Reform

    January 29, 2018

    The IRS has published Notice 2018-14, providing much needed guidance on Form W-4 due to the significant changes made by the recent tax reform law.

  • 2018 Withholding Tables Reflect Tax Reform Law

    January 16, 2018

    The IRS issued the 2018 income tax withholding tables reflecting the changes in the tax rates and brackets, the repeal of personal deductions and the increase in the standard deduction made by the tax reform law enacted by President Donald Trump in December, 2017.

  • Massive Tax Reform Legislation Will Have Drastic Impact on Employers

    December 4, 2017

    On Saturday, the Senate passed its version of historic, sweeping tax reform legislation known as the Tax Cuts and Jobs Act (H.R. 1). The massive, 500-page bill will have a drastic effect on the employment tax treatment of many core employee benefits starting January 1, 2018.

  • 2018 Social Security Taxable Wage Base Inches Up, Benefit COLAs Up More

    October 17, 2017

    The Social Security Administration has issued inflation-adjusted figures for 2018, including the Social Security taxable wage base, the earnings tests for retirees who return to work, and the Social Security benefits quarter-of-coverage requirement and cost of living adjustment (COLA).

  • IRS Permits Tax-Exempt Leave-Based Donations to Aid Hurricane Harvey Relief Effort

    September 7, 2017

    The IRS has announced that it will permit employers to set up tax-favored leave-based donation programs to aid victims of Hurricane Harvey. Under such programs, employees can donate some of their accrued vacation, sick or personal leave in exchange for cash payments their employer makes to qualified charitable organizations.

  • Federal Standard Per Diem Rates Increase for Fiscal Year 2018

    August 22, 2017

    The General Services Administration (GSA) has announced the per diem rates that apply to the lower 48 Continental United States (CONUS) for the federal government's fiscal year 2018, which begins October 1, 2017, for purposes of business travel reimbursement.

  • IRS Addresses Tax Treatment of Popular Wellness Program Benefits

    April 26, 2017

    Two IRS Chief Counsel Advice Memoranda provide good examples of the tax ramifications of wellness program benefits provided under various scenarios.

  • FICA Refund Claim Guidance Issued by IRS

    March 27, 2017

    The IRS has issued Rev. Proc. 2017-28, clarifying the procedure by which an employer may request an employee's consent to seek a refund of overwithheld FICA taxes on the employee's behalf, beginning June 5, 2017.

About This Category

News: HR guidance on compliance with Social Security and Medicare (FICA) taxes, payroll taxes and federal unemployment insurance (FUTA) taxes.