Smart Benefits: IRS Updates Employer Guidance for Fringe Benefits
Monday, June 04, 2018
- The suspension of the exclusion of qualified bicycle commuting reimbursements from an employee’s income for tax years starting after December 31, 2017, and before January 1, 2026.
- The suspension of the exclusion for qualified moving expense reimbursements from an employee’s income for tax years starting after December 31, 2017, and before January 1, 2026, except for active duty servicemembers moving because of a permanent change of station.
- Limits on the deduction by employers of expenses for certain fringe benefits, such as employer-provided meals.
- Definitions of items that aren’t tangible personal property for purposes of employee achievement awards.
View the complete guide here.
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