The Taxpayer Certainty and Disaster Tax Relief Act, recently passed as part of the “Consolidated Appropriations Act, 2021,” has significantly extended the tax exclusions for employer-paid student loan repayment assistance...more
1/7/2021
/ CARES Act ,
Consolidated Appropriations Act (CAA) ,
Department of Labor (DOL) ,
Employees ,
Employer Liability Issues ,
IRS ,
New Legislation ,
Non-Taxable Income ,
Relief Measures ,
Student Loans ,
Tax Credits ,
Trump Administration
The recently enacted COVID-19 Related Tax Relief Act of 2020 and the Taxpayer Certainty and Disaster Tax Relief Act of 2020, both of which are part of the “Consolidated Appropriations Act, 2021,” includes the following...more
1/4/2021
/ Benefit Plan Sponsors ,
CARES Act ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Department of Labor (DOL) ,
Employee Benefits ,
Employer Group Health Plans ,
Employer Liability Issues ,
IRS ,
New Legislation ,
Relief Measures ,
Retirement Plan ,
Trump Administration
The Internal Revenue Service (IRS) has issued Notice 2020-51 to provide defined contribution retirement plans with guidance relating to the waiver of 2020 required minimum distributions (RMDs) permitted under the Coronavirus...more
The Internal Revenue Service (IRS) recently issued Notice 2020-50 to provide retirement plans with guidance under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The extensive guidance provides helpful...more
6/24/2020
/ 401k ,
Benefit Plan Sponsors ,
CARES Act ,
Certifications ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Popular ,
Repayment Options ,
Retirement Plan ,
Safe Harbors
Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, employers can now make nontaxable payments of up to $5,250 to employees as student loan repayment assistance, but only if the payments are made by December...more
The Department of Labor (DOL), joined and coordinated in part by the Department of Treasury, Internal Revenue Service, and Department of Health and Human Services, has released several documents providing deadline extensions...more
The President recently signed into law the Coronavirus Aid, Relief, and Economic Security Act or “CARES Act.” The CARES Act is primarily a stimulus package that addresses the current coronavirus crisis, and it includes...more