Using HSAs, Health FSAs and HRAs for Over-the-Counter Items
Do you know about using HSAs, Health FSAs and HRAs for over-the-counter items? Health savings accounts (HSAs), health flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs) may provide tax-free reimbursements of certain over-the-counter (OTC)...
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Electronic Filing of ACA Returns
Do you know the rules of Electronic Filing of ACA Returns? The Affordable Care Act (ACA) created reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these rules, certain employers must provide...
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ACA Reporting Deadlines and Penalties
ACA Reporting Deadlines and Penalties Cheat Sheet. Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply with reporting deadlines in early 2024. The following...
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Pay or Play Affordability Percentage Will Decrease
Did you know that the Pay or Play Affordability Percentage Will Decrease for 2024? On Aug. 23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentage in 2024 for determining the affordability...
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