Tax

The recently enacted Tax Cuts and Jobs Act made significant changes to the Internal Revenue Code, making changes affecting employer-provided retirement, welfare and fringe benefits.

Retirees will have to alter the way they file taxes under the new tax law, including making two years' worth of charitable donations every other year to exceed the standard deduction and itemize.

Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.

The law allows clients the ability to make tax-free withdrawals for elementary and secondary school expenses.

The new law offers credits to employers who provide a paid family or medical leave policy while eliminating deductions for businesses with a legal history in sexual misconduct cases.

One strategy to enhance financial prospects is to get a part-time job via the gig economy.

The president signed the Republican tax-overhaul bill to little fanfare on Friday

Missing required 401(k) minimum distributions are subject to a penalty equal to half the amount that should have been taken.

Although the current year has been good for participants, many workers are not investing in a retirement plan.

Those who leave the workforce and are sitting on losing investments may do tax-loss harvesting, or they may donate their winning holdings to a charity to avoid the capital gains tax

Legislation agreed upon by the House and Senate could impact whether or not small businesses offer retirement plans.

Mitch McConnell says the compromise tax bill from House and Senate negotiators will end the health law’s requirement that all individuals buy insurance or pay a fine.

Tax reform and fiduciary rule delays dominated discourse in the ongoing effort to improve work-based savings and financial security.

While clients cannot determine their health care expenses and taxes in retirement, they can improve their prospects by minimizing investment fees and diversifying their portfolios.

Tax reform and fiduciary rule delays dominated discourse in the ongoing effort to improve work-based savings and financial security.

Most plans are safe for now under both pieces of legislation, but employers worry conversations about pre-tax contribution limits and possible Rothification could resurface in coming weeks.

There are several provisions in the upper chamber’s text that alter existing tax treatment, and experts predict those elements will win out in final law.

Most plans are safe for now under both pieces of legislation, but employers worry conversations about pre-tax contribution limits and possible Rothification could resurface in coming weeks.

ABC president Jim Klein says legislators should act immediately to eliminate the ‘challenging’ compliance provision, and then repeal the ACA’s Cadillac tax.

Industry experts say the resulting rise in costs is likely to shift to employers and other stable health insurance consumers.