The Tax Cuts and Jobs Act unleashed a torrent of questions from employers regarding the Pub. 15-B, Employer’s Tax Guide to Fringe Benefits.treatment of certain items, like employer-provided meals and working condition , which the IRS promised to answer in the 2018 edition of
Good news for employees: As we anticipated, the IRS has clarified that the tax treatment of these items hasn’t changed, even though the TCJA limits or eliminates your corporate deduction.
Not so good news: New questions have arisen, which the IRS or Congress (or both) will need to address.
The TCJA changed the measure of inflation to something called the chained CPI. As a result, the maximum amount employees with family coverage under a high deductible health plan can sock away into an HSA this year decreased to $6,850, from $6,900.
Employees who have already maxed out on their HSA contributions be...(register to read more)