Archive by month: 2018-11Return
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Today the IRS officially announced under Revenue Procedure 2018-57, the 2019 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules, and other tax changes. Included in the announcement is the inflation adjusted 2019 limits for Health Care flexible spending accounts (FSA) under an IRC Section 125 cafeteria plan and the Parking and Transit account limits under and IRC Section 132 Transportation Plan.
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Categories: Benefits in General, Health Care Reform, Compliance, Health Care in General | Tags: Revenue Procedure 2018-57 , Health FSA Limit 2019 , Transportation Plan Limits 2019

IRS Announces PCOR Fee Adjustment

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IRS Notice 2018-85 provides the updated dollar amount to the be used to calculate the PCORI fee for health plan policy and plan years that end on or after October 1, 2018 and before October 1, 2019. This includes the 2018 calendar year plans, and the updated fee amount is $2.45 per covered life.
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Categories: Health Care Reform, Compliance | Tags: PCOR , PCORI , PCOR Fee , Patient Centered Outcome Research Institute , Form 720

IRS Announces 2019 Pension Plan Limits

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Today, the IRS released Notice 2018-83, announcing the cost of living adjustments for pension plans and other retirement related items for the tax year 2019. Some of the more notable changes include...
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Categories: Benefits in General, Compliance | Tags: IRS , Pension Plans , 2019 Limits , IRS Notice 2018-83 , Highly compensated employee , Key Employee , Nondiscrimination Testing , IRA , 401k , 457 , 403(b) , Roth IRA