IRS Releases 2021 Contribution Limits
The IRS has released its cost-of-living adjustments, which impact a number of contribution limits for the 2021 tax year. Contributions are made on a pre-tax basis, which can reduce the amount you and your employee owe in taxes. Plus, offering benefits is a great way...
States are Updating Employee Leave Requirements for Coronavirus
In response to the coronavirus (COVID-19) pandemic, some states have passed new laws and issued new regulations and guidance about employee leave requirements for COVID-19 reasons. These provisions are in addition to the federal paid sick and family leave requirements...
New Tool Helps Employees Determine Their Eligibility for FFCRA Paid Leave
The U.S. Department of Labor (DOL) has created an online tool to help workers determine whether they qualify for paid leave under the Families First Coronavirus Response Act (FFCRA). Household employees like nannies, housekeepers, and senior caregivers may be eligible...
How to Make a Tax-Free Payment Towards Your Nanny’s Student Loans
Update: Originally set to expire on December 31, 2020, the stimulus package extends qualified student loan payments as acceptable tax-free contributions through 2025. Several provisions in recent federal legislation have aimed to reduce the financial hardship being...
