To help pay for Trump tax cuts, new taxes on worker benefits become GOP target
The GOP Congress is looking at including employer-provided benefits like free transportation, food and gyms as taxable income ...
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GOP Eye Taxing Employee Fringe Benefits Such As Transportation, Meals, And On-Site GymsTo Offset Trump-Era Tax Cut Costs
House Republicans are considering taxing fringe benefits like employer-provided transportation, meals, and on-site gyms to ...
Onsite gyms, transportation, meals: GOP floats tax on office perks
Office workers could be taxed for perks like on-site gyms, parking, transit passes and free meals under a proposal floated by ...
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IRS Clarifies the Federal Income and Employment Tax Treatment of Contributions to and Benefits Paid from State Paid Family and Medical Leave Programs
As mandatory State paid family leave and paid family and medical leave (collectively “PFML”) programs have significantly expanded and proliferated ...
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IRS Issues Guidance on Federal Tax Treatment of State Paid Family and Medical Leave Contributions and Benefits
The Internal Revenue Service (IRS) has released new guidance on the federal income and employment tax treatment of contributions and benefits ...
Can an Employer Contribute to an Employee’s Personal Roth IRA?
Employers can’t contribute directly to an employee’s personal Roth IRA, but they can still help with retirement savings in ...
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Non-taxability of employee de minimis benefits
BUT WHAT EXACTLY ARE DE MINIMIS BENEFITS ? De minimis benefits can be best described as non-taxable compensation granted by employers to their employees holding managerial and rank-and-file positions ...
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House bill would offer employers tax deduction for transit benefits
WASHINGTON — Legislation reintroduced in the House of Representatives seeks to encourage employer support by reestablishing a ...
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Can an Employer Contribute to an Employee's Personal Roth IRA?
This can provide employees with the benefits of Roth savings, including tax-free withdrawals in retirement, and significantly enhance an employee’s retirement savings strategy by leveraging the ...