The Tax Cuts and Jobs Act (P.L. 115-97), also known as Tax Reform, was signed into law on December 22, 2017. The new law has been a major topic in the news for several weeks. Issue 7 of HR Insights focuses on some of the changes relating to payroll and benefits, including:

  • Tax withholding tables and Form W-4
  • ACA individual mandate
  • Family and Medical Leave Act tax credit
  • Rollover of defined contribution plan loan offsets
  • Recharacterization of IRA contributions
  • Qualified transportation and bicycle commuting benefits
  • Qualified moving expenses
  • Meals and entertainment expenses
  • Employee achievement awards

 To review our issue of HR Insights, click here.