Qualified & Non-qualified Benefits

New $2,500 Health FSA Limit Guidance

The IRS provided guidance on implementation by employers of the $2,500 annual limit on employee salary reduction contributions to health FSAs.

Tax Insider Articles

DEDUCTIONS

Business meal deductions after the TCJA

This article discusses the history of the deduction of business meal expenses and the new rules under the TCJA and the regulations and provides a framework for documenting and substantiating the deduction.

TAX RELIEF

Quirks spurred by COVID-19 tax relief

This article discusses some procedural and administrative quirks that have emerged with the new tax legislative, regulatory, and procedural guidance related to COVID-19.