Right on schedule! IRS has updated annual limits for cafeteria plans and fringe benefits. Revenue Procedure 2020-45 maps out the info your finance staffers will need as they prep for tax year 2021. Cafeteria plans The carryover limit for unused amounts in cafeteria plans will rise in 2021 to a maximum of $550. That’s up […]
Blink and you may have missed changes to some of the smaller fringe benefit limits.
Get up to date with our Blueprints.