Baby Boomers — the largest generation in America by the numbers — are approaching their golden years. This means that many are beginning to look ahead to a healthy and secure retirement as they put their years in the workforce behind them. One of the critical aspects of Boomer retirement planning is healthcare. In this comprehensive guide, we will delve into the importance of [...]
Article Highlights: Qualified Transportation Fringe Benefits (QTFB) Group Term Life Insurance (GTLI) Accident and Health Benefits Flexible Spending Arrangement Exclusion for Qualified Employee Discounts Dependent Care Assistance Program (DCAP) Adoption Assistance Qualified Educational Assistance Working Condition Educational Assistance Travel Expenses Transportation Expenses Moving Expenses Reimbursements for Use of Employee-Owned Vehicles Employer-Provided Vehicles Awards and Prizes Professional Licenses and Dues The tax code allows employers [...]
Article Highlights: Estate and Gift Tax Personal Exemptions Standard Deductions Home Mortgage Interest Deduction Limitation on Tax Deductions (SALT) Suspension of Tier 2 Miscellaneous Itemized Deductions Suspension of the Limitation on Itemized Deductions Individual Tax Rates Child Tax Credit Special Rule for Certain Discharges of Student Loans Employer Payments of Student Loans Moving Expenses Bicycle Commuting Discharge of Indebtedness on Principal Residence Premium Assistance [...]
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