Description:  Employer-sponsored health benefits whose value exceeds legally specified thresholds will be subject to a 40 percent excise tax, starting in 2022. The so-called Cadillac tax will be levied on insurance companies, but the burden will likely fall on workers. The tax will effectively limit the tax preference for employer-sponsored health insurance. TAX ON HIGH-COST […]

> Final 2020 W-4 Released On December 5, 2019, the Internal Revenue Service released a final Form W-4 for use in 2020. Employees complete the Form W-4 so that their employers can withhold the correct federal tax from their paycheck. A significant change for the 2020 form is that it does not have withholding allowances […]

How to make sure that your HRA is compatible with 2020 HAS rules We have not only entered a new year, but a new decade too, and with that comes a new set of rules and regulations to adhere to. Any employer who is looking at introducing a High Deductible Health Plan using an HAS […]