UP TO DATE NEWS FOR WASHINGTON HEALTH

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IRS Releases 2020 W-4 Tax Form – 5 Steps for your Employee to Determine Withholding

> 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 […]

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How to make sure that your HRA is compatible with 2020 HAS rules

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 […]

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IRS Raises HSA and HDHP Dollar Limits for 2019

The annual contribution limitations for health savings accounts (HSAs) and high-deductible health plans (HDHPs) are increasing for 2019 according to Revenue Procedure 2078-30. HSAs are subject to annual aggregate (employer + employer) contribution limits. In order for an employee to contribute to an HSA, he or she must be enrolled in an HDHP meeting minimum […]

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