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IRS Announces 2022 Retirement Plan Contribution Limits
Posted: December 21, 2021
On November 4, 2021, the Internal Revenue Service (IRS) released Notice 2021-61 announcing cost-of-living adjustments affecting dollar limits for pension plans and other retirement-related items for tax year 2022. Many pension plan limits will change next year because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. Other items, however, will not […]
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IRS Announces 2022 Limits for Health FSAs and Transit Benefits
Posted: December 15, 2021
The Internal Revenue Service (IRS) announced annual inflation adjustments for more than 50 tax provisions, including an increase in voluntary employee contributions to employer-sponsored healthcare flexible spending arrangements (HFSAs) to $2,850 for plan years beginning in 2022, up from the 2021 limit of $2,750. For HFSAs that include a carryover provision, up to $570 may […]
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Tips for Managing the Holiday Blues
Posted: December 7, 2021
“Children laughing, people passing, meeting smile after smile” stirs happy memories of singing Christmas carols for some, but for others, the holidays can be the most stressful and loneliest time of the year. The holidays often present a dizzying array of demands – shopping, baking, and entertaining to name a few. For those dealing with […]
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10 Surprising Things You Can Buy With Your Leftover FSA Money
Posted: November 30, 2021
The end of the year is drawing near which may mean you have some extra money to spend. No, you didn’t read that wrong. Many Americans have money in their Flexible Savings Accounts (FSAs) that they need to use up before the end of the year. FSAs provide the benefit of putting pre-tax money aside […]
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Biden-Harris Administration Issues Third Rule To Implement No Surprises Act
Posted: November 17, 2021
WASHINGTON – The Biden-Harris administration – through the departments of Labor, Health and Human Services, Treasury and the Office of Personnel Management – today issued an interim final rule with comment period to continue implementation of the No Surprises Act, a consumer protection law that helps curb the practice known as “surprise billing” for medical care. The […]
