Compliance & Tax Updates 11/05/2018
ALABAMA
Contributions to an employee Health Savings Account (HSA) are not included in an employee’s unemployment insurance, retroactive to January 1, 2018. Action Required: No Action Required; required tax amendments (if any) to be filed by PlanSource |
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ARIZONA / ARKANSAS / IOWA / KENTUCKY / MAINE / MASSACHUSETTS / MINNESOTA / NEW JERSEY / PENNSYLVANIA / SOUTH CAROLINA / VIRGINIAThese states did not adopt the provisions in the federal Tax Cuts and Jobs Act that suspended the exclusions for qualified moving expense reimbursements for tax years 2018-2025. The following earnings tax categories have been updated to ensure qualified moving expense reimbursements are excluded from an employee’s gross income:
Action Required: No Action Required; required tax amendments (if any) to be filed by PlanSource |
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KENTUCKY
Local tax increase for Fort Mitchell, Kenton County (KY034), from 1% to 1.25%, effective January 1, 2019. Action Required: No Action Required |
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