Category Archives: Government
2020 Plan Limitations!
401(k)/403(b)/457 Salary Deferrals: For participants under age 50 by 12/31/2020 – $19,500 For participants over age 50 by 12/31/2020 – $26,000 Maximum Annual Defined Contribution Plan Limit: For participants under age 50 by 12/31/2020 – $57,000 For participants over age … Continue reading
Posted in Being prepared, Government, Sugar Land events, Taxes, Workers Compensation Insurance
Tagged 401k, annual, benefits, compensation, limits, maximum, planning, Salary, security, social
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IRS Confirms ACA Pay or Play Penalties Still Apply
Overview The IRS Office of Chief Counsel recently released an information letter regarding the employer shared responsibility (pay or play) penalties under the Affordable Care Act (ACA). This information letter confirms that the pay or play penalties continue to apply … Continue reading
Posted in Affordable Care Act, Government, Health Insurance, Insurance Agent, Taxes, Uncategorized, Workers Compensation Insurance
Tagged ACA, Employers, government, human resources, IRS, Pay or play, penalties
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