IRS

It won’t count as income to employees, but they also won’t be able to deduct it.

These direct payments are intended to provide direct assistance to American taxpayers who have lost wages, jobs or opportunities because of COVID-19. But there is some fine print.

This rise of the so-called grey divorce has created a number of uncommon and complex issues for retirement accounts.

While seasoned employees won’t have to fill out the forms, all employees should be aware of how their tax situation may be affected.

Buyout amounts are high right now, but there are many other factors to consider when guiding employees to the right choice.

The latest move has repercussions for employees’ retirement plans, and employers in the middle of open enrollment.

These new changes make requirements more flexible and participant-friendly for those with 401(k) and 403(b) plans.

Retirees often only take distributions when they are forced to do so because of the IRS’ RMD rules, an expert says.

An employer’s ability to obtain an updated letter for an individually designed plan has been curtailed in recent years, after the IRS limited the program to only newly adopted or terminating plans.

While the finalized regulation makes health reimbursement arrangements more accessible, employers should still continue to boost healthcare literacy, experts say.