Archive by tag: 2017 LimitsReturn
The IRS issues Notice 2016-79, announcing the optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: IRS , Medical , Mileage , Business , Charitable , 2017 limits
Today the IRS announced under Revenue Procedure 2016-55, the 2017 annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules, and other tax changes. Included in the announcement is the inflation adjusted 2017 limits for health flexible spending accounts (FSAs) in an IRC §125 cafeteria plan and the Parking and Transit account limits in an IRC §132 Transportation Plan.
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Categories: Compliance, Health Care in General | Tags: Health FSA , Transit , Parking , IRS , 2017 Limits