Employee Retention Credit - Internal Revenue Service The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees after March 12, 2020, and before Jan 1, 2021
IRS approves employee choice program - WTW - Willis Towers Watson The IRS has just released a private letter ruling (PLR 202434006) involving a new employee choice design that allows eligible employees to make an annual election before the start of each year to direct employer funds (i e , the employer contribution) to be dispersed in one of the following ways:
Wellness plan schemes are addressed in IRS guidance - RSM US Across the country, companies are being approached by consultants selling wellness or indemnity plans which purport to add new health benefits for employees while saving the companies and employees taxes
IRS ends recruitment and retention bonuses amid workforce cuts An IRS employee told Federal News Network that she was supposed to receive a $1,000 sign-on bonus this summer, but expects she will no longer receive it The employee said many of her coworkers are leaving the agency ahead of widespread layoffs through a reduction in force
The ERC Claim Period Has Closed – The IRS Must Now Prioritize . . . As of April 15, 2025, the window for filing Employee Retention Credit (ERC) claims officially closed, marking the end of a significant chapter in pandemic-era relief Yet, while the filing period has ended, the program is far from over What Congress intended as a lifeline for businesses during the pandemic has become a drawn-out and often confusing experience for many taxpayers With more
6. 800. 3 IRS Employee Assistance Program and Work-Life Referral Services . . . The IRS Source, Employee Assistance Program and Work-life Referral Services Program contacts, including Law Enforcement Employee Access and Access Numbers for Overseas Employees at https: irsgov sharepoint com sites EmployeeResources SitePages Worklife%20Programs17 aspx
Employer-offered educational assistance programs can help pay for . . . An educational assistance program is an employer’s written plan PDF to provide employees with undergraduate or graduate-level educational assistance These programs allow employers to pay student loan debt and other education expenses tax-free
IRS employee emergency news - Internal Revenue Service As a reminder, the Employee Assistance Program is available for all IRS employees and their immediate family members at any time, day or night, by calling 800-977-7631 (TDD: 800-697-0353) This no-cost counseling service could help address stress and other issues you and your family may face
Frequently asked questions about the Employee Retention Credit The Employee Retention Credit (ERC) – sometimes called the Employee Retention Tax Credit or ERTC – is a refundable tax credit for certain eligible businesses and tax-exempt organizations The requirements are different depending on the time period for which you claim the credit