Regulatory Updates

IRS Posts 2020 Tax Year Health Savings Arrangement Publication

The IRS has posted the 2020 tax year Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans. This publication is intended to provide information useful in the preparation of 2020 federal individual income tax returns, for those who have such tax-favored accounts as health savings accounts, Archer medical savings accounts, and health reimbursement arrangements. This version of Publication 969 will be reviewed for any changes of significance from the prior year version. 

Regulatory Updates

DOL Flips Script with ESG Proposal

DOL Flips Script with ESG Proposal

The Department of Labor (DOL) has issued a proposed rule, “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.”

Regulatory Updates

2022 Taxable Wage Base Announced

2022 Taxable Wage Base Announced

The Social Security Administration has announced the 2022 adjustments for benefits and certain other limitations that are subject to annual cost-of-living adjustment (COLA) indices.