IRS Issues Proposed Rule to Expand Mandatory Electronic Filing

The Internal Revenue Service (IRS) published a proposed rule that would affect most employers who are required to file information returns, such as Forms W-2, Forms 1095-B, Forms 1095-C, and forms in the 1099 series. Currently, employers are not required to electronically file their returns with the IRS unless they are required to file at… Continue reading IRS Issues Proposed Rule to Expand Mandatory Electronic Filing

ACA Affordability Percentage Announced for 2019

The Internal Revenue Service (IRS) issued Revenue Procedure 2018-34 to index the contribution percentages in 2019 for purposes of determining affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2019, employer-sponsored coverage will be considered affordable if the employee’s required contribution for self-only coverage does not exceed 9.86%… Continue reading ACA Affordability Percentage Announced for 2019

HSA Contribution Limits Announced for 2019

The Internal Revenue Service (IRS) has announced the 2019 inflation-adjusted amounts for Health Savings Accounts (HSAs) as determined under the Internal Revenue Code. HSA Contribution (single/family) 2018: $3,450 / $6,900 2019: $3,500 / $7,000 HDHP Min Deductible (single/family) 2018: $1,350 / $2,700 2019: $1,350 / $2,700 HDHP Out-of-Pocket Max (single/family) 2018: $6,650 / $13,300 2019: $6,750 / $13,500