On December 16th, 2014, Congress passed legislation that retroactively increased the 2014 transit benefit monthly limit from $130 to $250. As a result of this change, employers may be required to adjust 2014 tax withholding and reporting to reflect this increase. This legislation does not change the 2015 transit benefit limit. Thus, beginning on January 1st, […]Continue Reading →
Posts Tagged 'reimbursement'
To help offset the high cost of commuting, many employers have implemented (or considered implementing) a qualified transportation plan as part of their employee benefit programs. A transportation benefit program typically includes items such as parking expenses, transit passes, vanpooling expenses, and more. If you currently have a transportation benefit program in place or are considering […]Continue Reading →
There is no doubt that Health Care Reform stands to have a major impact on my Employee Benefits Programs. One specific area that we are keeping an eye on is how Wellness programs will be impacted. Recently, federal agencies have issued details on proposed rules in this area. These rules would take effect in plan years […]Continue Reading →