Should Employees Go to Work If They Are Sick?
During cold and flu season, it’s inevitable that people in the office will get sick. Every person with a fever, runny nose, sore throat, or cough has a difficult decision: should they stay home or go to work? Staying home is the best way to improve health and prevent others in the office from getting […]
2023 401K and IRA Limit Increases
The limit for both 401k and IRA plans has increased in 2023. The increase in the contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan raises it to $22,500 from $20,500. The limit on annual contributions to an IRA increased to $6,500, up from $6,000. […]
Dependent Care and Commuter Contribution Limits 2023 FSA
For the taxable years beginning in 2023, the dollar limitation for employee salary reductions for contributions to health flexible spending arrangements increases to $3,050. Cafeteria Plans For cafeteria plans that permit the carryover of unused amounts, the maximum carryover amount is $610, an increase of $40 from taxable years beginning in 2022. Commuter Benefits For […]
