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Relief for FSAs VEB CPA

WEBThe IRS and Congress have provided COVID-19 relief for flexible spending account plans (FSAs). The new rules include: An unlimited carryover or 12-month grace …

Actived: 6 days ago

URL: https://vebcpa.com/2021/03/24/relief-for-fsas/

Congress Extends Expanded Eligibility for Health Insurance …

WEBCongress has extended relief through 2025 for taxpayers who purchase health insurance on a Marketplace Exchange and want to take advantage of the …

Category:  Health Go Health

Plan now to use Health Flexible Spending Arrangements

WEBThe Internal Revenue Service reminds eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending …

Category:  Health Go Health

Health Savings Accounts 2022 VEB CPA

WEB2022 Cost-of-Living Adjustments On May 10, 2021 the Internal Revenue Service (IRS) released Revenue Procedure 2021-25 announcing cost-of-living …

Category:  Health Go Health

NJ Income Tax – Exempt (Nontaxable) Income VEB CPA

WEBNJ Income Tax – Exempt (Nontaxable) Income. / New Jersey. Certain items of income are not subject to New Jersey tax and should not be included when you …

Category:  Health Go Health

New Law Provides Additional Flexibility for Health FSAs and …

WEBEmployers may allow participants to carry over unused amounts The Internal Revenue Service provided greater flexibility, due to the pandemic, to employee benefit …

Category:  Health Go Health

VEB CPA VEB CPA

WEBVernoia, Enterline + Brewer, CPA LLC works with medical practices, dental practices, small- and mid-sized companies, and individuals providing accounting and advisory services …

Category:  Medical Go Health

Limited Moving Expense Deduction VEB CPA

WEBIRS Issues 2018 Version of Publication 969 on HSAs, HRAs, Health FSAs, and MSAs The IRS has substantially revised Publication 521 (Moving Expenses) to …

Category:  Health Go Health

2020 HRAs VEB CPA

WEBNew in 2020, employers that qualify can set up “individual coverage” health reimbursement arrangements (HRAs). Employers will also be able to set up “excepted …

Category:  Health Go Health

IRS Suspends Requirement to Repay Excess Advance Payments of …

WEBThe premium tax credit helps pay for health insurance coverage bought from the Health Insurance Marketplace. Eligible people can choose to have all, some, or …

Category:  Health Go Health

Genetic Testing Deduction VEB CPA

WEBGenetic testing added to growing list of deductible expenses. In recent years when presented with the opportunity, the Internal Revenue Service (IRS) has identified a …

Category:  Health Go Health

Earned Sick Leave: What NJ employers need to know VEB CPA

WEBMost New Jersey employers are now required to provide employees with earned sick leave. The following information is taken from the NJ.gov website, and …

Category:  Health Go Health

Section 199A and Your Retirement Accounts VEB CPA

WEBIncome Limits on the 199A Deduction. Once taxable income exceeds a threshold amount, the taxpayer must begin excluding service business income from QBI. …

Category:  Health Go Health

New ABLE Account Benefits VEB CPA

WEBThe Internal Revenue Service wants to remind those with disabilities that the Tax Cuts and Jobs Act (2017) made major changes to Achieving a Better Life …

Category:  Health Go Health

The American Rescue Plan Includes Retroactive Tax Benefits

WEBThe IRS reminds taxpayers who still haven’t filed, that several provisions of the American Rescue Plan affect their 2020 tax returns. One provision excludes up to …

Category:  Health Go Health

Coronavirus Insurance and Coverage Changes for HDHPs, HSAs, …

WEBThe Coronavirus Aid, Relief and Economic Security (CARES) Act was intended to provide relief in response to the COVID-19 (Coronavirus) crisis. However, …

Category:  Coronavirus Go Health

Health Savings Accounts as Retirement Savings Plans VEB CPA

WEBWhen people think of tax-free retirement savings, they think of IRAs and 401(k)s. The problem with those, however, is they are taxed. Either the distributions are …

Category:  Health Go Health

Gather Tax Documents Now for Smooth Filing Later VEB CPA

WEBThe Internal Revenue Service is reminding taxpayers that organizing tax records is an important first step for getting ready to prepare and file their 2020 tax …

Category:  Health Go Health

Gather All Year-End Income Documents VEB CPA

WEBAs taxpayers are getting ready to file their taxes, the first thing they should do is gather their records. To avoid processing delays that may slow their refund, …

Category:  Health Go Health

Employee Achievement Award Rules VEB CPA

WEBThe IRS reminds employers that last year’s Tax Cuts and Jobs Act made changes to several programs that can affect an employer's bottom line and its …

Category:  Health Go Health

Cost of Home Testing for COVID-19 is Eligible Medical Expense

WEBThe Internal Revenue Service reminds taxpayers today that the cost of home testing for COVID-19 is an eligible medical expense that can be paid or …

Category:  Medical Go Health