Basically, to pay for the “Trump tax cuts” sacrifices have to be made. According to the document, that could mean getting rid of certain employee benefits amounting to $157 billion over 10 years.

Knowing the difference between a 1099 vs W2 employee classification is key for filing taxes. Employees receive a W-2 and ...

The Social Security Administration announced an increased maximum amount of wages subject to Social Security tax in 2025. The cost-of-living adjustment for Social Security benefits for 2024 is ...

Employers that consider their benefit programs before disaster strikes can make them more accessible to employees when events ...

In response to taxpayer and state government requests, including a 2024 letter from governors of nine states imploring the Internal Revenue Service (IRS) to clarify the federal tax treatment of ...

Eligible employees can receive up to $5,250 in tax-free benefits annually. Eligibility for the program is open to faculty and staff enrolled in the RP or ORP retirement program. Additionally, pending ...

a larger number of retirees as compared to employees and public employers putting money into the system. The new set of retirement benefits briefly had been thrust into the center of a major tax ...

In the aggregate, employers are only permitted to provide each employee with up to $5,250 in tax-preferred education-related benefits. The payments are not treated as taxable income to the employee.