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The IRS released the 2025 Publication 15-T, Federal Income Tax Withholding Methods, which describes how to figure federal income tax withholding using the percentage method and the wage bracket method and describes alternative methods for figuring withholding. The publication explains how to withhold income tax based on pre-2020 […]
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]. IRC §415, which provides for dollar limits on benefits and contributions under qualified retirement plans, requires that […]
The IRS released cost-of-living-adjustments (COLAs) for 2025 reflecting any increases in excludable transportation fringes and the flexible spending arrangement (FSA) deferral limit, among other changes [Rev. Proc. 2024-40, 10-22-24]. 2025 COLAs for Transportation Fringes, FSA Deferrals For 2025, the amounts that may be excluded from gross […]

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