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2021 Tax Changes

Update on COVID tax credits

Federal Tax Credits for COVID Have Ended The Federal program that enabled employers to take a tax credit for paying employees who were absent for COVID-related reasons ended on September 30. There is no more so-called "COVID pay" as we have processed for many of our clients for the last year and a half.  COVID [...]

October 8th, 2021|2021 Tax Changes, Covid-19|
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IRS changes affecting year-end planning

Contributions limits, taxable income & more The IRS has recently released some important updates you'll need to know for the fourth quarter of this year. Contribution limits for health savings accounts (HSAs) The IRS has released the maximum contribution limit for HSAs when employees are participating in a high-deductible health plan (HDHP). For employees with [...]

August 28th, 2021|2021 Tax Changes, Covid-19|
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