Several states have released their state unemployment insurance (SUI) taxable wage bases for 2026. Employers should be aware that due to UI trust fund balances that are lower (or higher) than […]

According to the U.S. Department of Labor (DOL), California and the U.S. Virgin Islands could not pay back their federal loans by the November 10, 2025, deadline and will lose […]

For tax year (TY) 2025, the IRS will provide employers with penalty relief in connection with new information reporting requirements for qualified tips and qualified overtime compensation required under Public […]

On November 21, the IRS issued guidance to help eligible employees claim the tax deductions for tips and for overtime compensation for tax year 2025. The deductions are part of […]

On November 12, President Trump signed Pub. L. 119-37, which reopened the federal government. This ended the longest shutdown in U.S. history. The new law funds the government through January […]

The Social Security Administration announced on October 24 that the 2026 social security wage base will be $184,500, an increase of $8,400 from $176,100 in 2025. As in prior years, there […]

On September 22, the IRS issued proposed regulations to provide guidance on the “no tax on tips” provision of Public Law 119-21, known as the One Big Beautiful Bill Act […]

The IRS released cost-of-living-adjustments (COLAs) for 2026 reflecting any increases in excludable transportation fringes and the flexible spending arrangement (FSA) deferral limit, among other changes [Rev. Proc. 2025-32, 10-9-25]. For […]

On Thursday, July 3, the U.S. House of Representatives passed H.R. 1, commonly referred to as the One Big Beautiful Bill Act. The vote came just two days after the Senate narrowly passed the legislation. President Trump is expected to sign the legislation soon.

The IRS announced the changes to the dollar limits on benefits and contributions under qualified retirement plans, as well as other items, for tax year 2025 [Notice 2024-80, 11-1-24].