Archive by tag: 2018 LimitsReturn
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The IRS has published IRS Rev. Proc. 2018-18 in Internal Revenue Bulletin 2018-10 this week that recalculates the limits on various benefits. One of the provisions in the tax reform bill enacted late last year, the Tax Cuts and Jobs Bill, was a change in the way the IRS was required to calculate cost-of-living increases.
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Categories: Benefits in General, Compliance | Tags: IRS , IR Bulletin 2018-10 , HSA , Indexes for inflation , Adoption Assistance Plans , Archer MSA , Small Employer Tax Credit , Health Care Flexible Spending Accounts , Transportation Plans , Tax Reform , 2018 Limits
The IRS issued Notice 2018-03, 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, Health Care Reform, Compliance | Tags: IRS , Medical , Mileage , Charitable , Business , 2018 Limits

IRS Announces 2018 Pension Plan Limitations

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Last week, the IRS issued Notice 2017-64 announcing the cost of living adjustments for pension plans and other retirement-related items for the tax year 2018.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: IRS , Pension , Highly Compensated , Key Employee , 401(k) , 2018 limits , IRA