Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Compliance Officer

New York City District Council of Carpenters Benefit Funds
(New York NY)

New York City District Council of Carpenters Benefit Funds logo

Senior Plan Administrator

Retirement Planners and Administrators (RPA)
(Remote)

Retirement Planners and Administrators (RPA) logo

Retirement Account Manager

Fringe Benefit Group
(Remote / Austin TX)

Fringe Benefit Group logo

TPA Retirement Plan Consultant

EPIC RPS (TPA/DPS)
(Remote)

EPIC RPS (TPA/DPS) logo

Defined Contributions Compliance Consultant

Loren D. Stark Company (LDSCO)
(Remote)

Loren D. Stark Company (LDSCO) logo

Retirement Plan Consultant

Great Lakes Pension Associates, Inc.
(Remote)

Great Lakes Pension Associates, Inc. logo

Senior Specialist 401k Recordkeeping

T Bank N.A.
(Dallas TX)

T Bank N.A. logo

Combo Plan Administrator

Pollard & Associates
(Remote)

Pollard & Associates logo

Retirement Plan Administrator

Retirement Solutions Specialists
(Remote / Jacksonville FL / Hybrid)

Retirement Solutions Specialists logo

Defined Contribution Account Manager

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

RP-Client Service Associate

Greenline Wealth Management
(FL / Hybrid)

Greenline Wealth Management logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Immediate Action Required for Employers Who Provided Transit Benefits to Employees in 2014
Dorsey & Whitney LLP Link to more items from this source
[Guidance Overview]
Jan. 16, 2015

"For employers with transit programs, ... amounts paid or reimbursed for qualified transit benefits above $130 in 2014, up to $250 per month, are now being treated as non-taxable. This has two primary effects: it (i) reduces FICA taxes due, and (ii) requires employers to revise the Forms W-2 for affected employees.... [E]mployees may not retroactively increase their monthly transit benefit elections for 2014 in response to the law change."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).
© 2024 BenefitsLink.com, Inc.