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Taxation of Compensation and Benefits
Updated to reflect a changed IRC reference date in Arizona, effective July 20, 2024.
Updated to reflect a reduced rate in Arkansas, effective retroactive to January 1, 2024.
Updated to reflect forthcoming inflation-adjusted amounts for health savings accounts under IRS Rev. Proc. 2024-25.
Enhanced to improve the comprehensiveness, organization and scope of coverage.
Updated to reflect increased aircraft terminal charge and SIFL mileage rates, effective January 1, 2024, through June 30, 2024.
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.
Updated to reflect long-term part-time employee 401(k) plan rules, effective with plan year 2024; and SECURE 2.0 Act of 2022 amendments to 401(k) plans, effective for plan years beginning after December 31, 2023.
Updated to reflect developments affecting year-end 2023 and 2024 payroll processes.
HR guidance on the taxation of compensation and benefits.