IRS Provides 2022 Amounts for HSAs and HRAs
IRS Revenue Procedure (Rev. Proc.) 2021-25 provides the 2022 inflation-adjusted amounts for HSAs and the maximum amount that may be made newly available for expected benefit HRAs.
IRS Notice Addresses Taxation of Dependent Care Benefits
The IRS released Notice 2021-26, which addresses the taxation of dependent care benefits available during taxable years ending in 2021 or 2022.
IRS Guidance Affects Employment Taxes
The IRS issued Notice 2021-24, which provides guidance following the passage of the American Rescue Plan of 2021 (ARPA).
DOL Withdraws Independent Contractor Rule
The Department of Labor (DOL) Wage and Hour Division is withdrawing the independent contractor rule that was scheduled to take effect on May 7, 2021.
Additional COBRA Premium Assistance Guidance Under ARPA
The DOL has issued additional COBRA premium assistance guidance under the American Rescue Plan Act of 2021.
DOL Proposes Withdrawal of Independent Contractor Rule
The Department of Labor (DOL) Wage and Hour Division has proposed to withdraw the independent contractor rule, which has not yet taken effect.
American Rescue Plan Act Provides Coronavirus Relief
President Biden has signed legislation that funds another round of assistance as the nation copes with the health and economic effects of the coronavirus pandemic.
President Signs Amended COVID-19 Relief Legislation
President Biden has signed into law the American Rescue Plan Act one day after the House of Representatives voted to pass the amended package.
House Passes Amended COVID-19 Relief Bill
Following Senate passage, the House of Representatives has passed the American Rescue Plan Act of 2021 to provide additional relief to address the continued impact of COVID-19.
DOL Delays Effective Date for Independent Contractor Regulations
The DOL Wage and Hour Division has finalized its proposal to delay until May 7, 2021, the effective date of final regulations on independent contractor status.
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