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Employers based outside Vermont will have to provide the health coverage to same-sex spouses of Vermont residents if a just-passed bill is enacted. The Vermont House of Representatives passed the measure on March 15; the state Senate followed suit on March 19. It now goes to Gov. Peter Shumlin (D). If he signs it, the […]
The Making Work Pay Tax Credit won’t be available this tax season as the government limits tax deductions, write-offs and credits for 2011 and 2012. Also this tax season, the tax penalty for non-qualified distributions from HSAs and Archer MSAs is increasing. Employers should be aware of these and other changes, many of which are listed […]
Plan administrators and employers that offer adoption assistance and long-term care (LTC) insurance need to adjust their plans for 2012 to account for increased amounts that can be excluded from taxable income. The IRS issued the rates for use in 2012 in Revenue Procedure (Rev. Proc.) 2011-52. Adoption Tax Credit The tax credit under Code […]