Displaying items by tag: IRS
Tuesday, 31 January 2023 00:35
IRS Permanently Extends Deadline For Furnishing ACA Reporting Forms To Employees
An automatic 30-day extension to furnish the forms to employees. (Deadline will now be March 2, 2023, to furnish Forms 1095-C to individuals)
The deadline to file the Forms 1094-B or C and 1095-B or C with the IRS will remain February 28 for paper filings and March 31 if filed electronically.
Applicable Large Employers are still required to furnish Form 1095-C to their full-time employees. They must also complete Part III if the employee is enrolled in self-insured or level funded coverage.
Published in
Healthcare Legislation
Monday, 21 November 2022 01:00
IRS Increases 2023 Limits for Health FSA & Qualified Parking and Mass Transit
The 2023 contribution limit for Healthcare Flexible Spending Accounts (FSAs) is increasing to $3,050, an increase of $200 from 2022. The maximum carryover amount that employers may implement also increases to $610 (20% of the contribution limit).
Published in
Benefits 101