irs guidance

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.

FuturePlan ERISA Team

Health and Welfare

HSA

IRS Guidance

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.

FuturePlan ERISA Team

Health and Welfare

IRS Guidance

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).

FuturePlan ERISA Team

Health and Welfare

IRS Guidance

IRS Clarifies Partial Plan Termination During Pandemic

The IRS released a Q&A on the temporary partial plan termination rules for qualified retirement plans in accordance with the Taxpayer Certainty and Disaster Tax Relief Act of 2020.

FuturePlan ERISA Team

COVID-19

Defined Contribution Plan

IRS Guidance

IRS Provides Details on Beneficiary Rules and CRD Repayments

The 2020 tax year version of IRS Publication 590-B reflects the following noteworthy updates pursuant to the passage of the SECURE, CARES, and Consolidated Appropriations Acts.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

SECURE Act

Deadlines for Tax Filing and Certain Contributions Confirmed

The IRS makes official the previously announced delay of the April 15, 2021 federal income tax filing due date for individuals for the 2020 tax year to May 17, 2021. 

FuturePlan ERISA Team

HSA

IRA

IRS

IRS Guidance

New Guidance on PPE as Medical Expense

The IRS has indicated that amounts paid for PPE that are primarily used to prevent the spread of COVID-19 are treated as amounts paid for medical care. 

FuturePlan ERISA Team

HSA

IRS

IRS Guidance

IRS Announces Extension to File Tax Return

The IRS has announced that tax filing due dates for 2020 tax year federal income tax returns will be automatically extended from April 15, 2021, to May 17, 2021.

FuturePlan ERISA Team

Defined Contribution Plan

HSA

IRA

IRS

IRS Guidance

Deadline Relief for Louisiana Victims of Storms

The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Louisiana winter storm victims. 

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

IRS Provides Updated Draft Withholding Forms

The IRS has made available a third early release 2022 tax year draft Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments. 

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

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