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Taxation of Compensation and Benefits
Updated to reflect a changed IRC reference date in Kentucky.
Updated to reflect IRS Notice 2025-15 regarding requirements for furnishing employees with Forms 1095-C and 1095-B.
Updated to reflect decreased aircraft terminal charge and SIFL mileage rates, effective January 1, 2025, through June 30, 2025.
Updated to reflect a reduced rate in Indiana, effective January 1, 2025.
Updated to reflect amended requirements regarding reporting and furnishing of Forms 1095-C, and IRS Revenue Ruling 2025-4 guidance regarding the tax treatment of state paid family and medical leave, effective January 1, 2025.
The IRS has released its 2025 cost-of-living adjustments (COLAs) to benefits and contributions to qualified retirement and deferred contribution plans.
Updated to reflect inflation-adjusted amounts relating to retirement plans and IRAs under IRS Notice 2024-80, effective January 1, 2025.
Enhanced to improve the comprehensiveness, organization and scope of coverage.
A new notice from the IRS also provides guidance on Roth matching contributions, auto enrollment plans and more.
Updated to reflect the Transportation Benefits Program Act, effective January 1, 2024.
HR guidance on the taxation of compensation and benefits.