UP TO DATE NEWS FOR WASHINGTON HEALTH

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What is the Cadillac Tax and how it affects Washington Businesses

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 […]

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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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