In a survey of 1,509 people by MetLife Mature Market Group, more than one-eighth of workers said they balance elder care responsibilities and full-time or part-time employment. Projected onto the entire American population, that would mean 14.4 million Americans face this difficult and emotionally draining challenge. Among those workers who serve as primary caretakers for a parent or grandparent, about 10 percent said they had to quit their jobs and 11 percent had to take a leave of absence. About 59 percent miss at least some part of the workday due to elder care duties. Given the growing demands that these workers face, some employers now provide elder care programs.
Thousands of employers have been snared in the IRS's all-out initiative to increase employment-tax audits—its first such initiative in 25 years. A main target: the tax treatment and reporting of employee fringe benefits....Click here to find out more.