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EMPLOYEE BENEFITS TAX STRATEGIES
Business owners, check this now: Group health premiums are fully deductible in 2026, and many owners still overlook these savings todayBusiness owners reviewing 2026 taxes shouldn't overlook employee health benefits. Group health insurance premiums are fully deductible, whi...
Oprah Winfrey made a 'significant' investment in True Food Kitchen in 2018. The resturant chain is now filing for bankruptcyTrue Food Kitchen, known for its health-focused dining, has filed for Chapter 11 bankruptcy protection recently. The restaurant chain has c...
Transforming HR from a support function to a business driver: Why the ET HR Excellence Awards 2027 matterExplore the staggering $10 trillion issue surrounding employee engagement, as businesses strive for effective HR solutions. The 2027 ET HR ...
Got a high-deductible plan? How to maximize your $4,400 HSA limit and unlock 3 tax advantages in 2026Health savings accounts (HSA), offer three significant tax advantages for qualified expenses related to medical care. Individuals can contr...
Waiting on income? Deferring payments into next year could reduce your 2026 taxable income, but there is a catch you should know firstIf you’re self-employed and expect a lower income next year, delaying eligible payments until January could reduce your current-year taxabl...
Tax credit vs deduction in 2026: How a $20,000 credit could cut a $50,000 tax bill to $30,000IRS tax credit and deduction explained: A tax credit and a tax deduction can both lower your tax burden, but they work differently. Here’s ...
EPF wage ceiling hike: How it impacts employee & employer's contributions to EPF, EPS and take-home payWhile the higher ceiling does have an impact on immediate net cash take-home of the employee due to increased contribution, it will certain...
Higher EPF wage ceiling expands social security for millions; but EPS legacy issues need to be fixedThe recent adjustment to the Employees' Provident Fund wage ceiling significantly widens eligibility for benefits, raising the contribution...
Turning 60? The IRS' $11,250 catch-up could boost your retirement savings in 2026 - here’s who qualifiesWorkers turning 60 to 63 in 2026 have a higher catch-up contribution limit for workplace retirement plans. This enhanced limit allows contr...
Employers may soon be able to claim ITC on GST paid for employee insurance coverThe GST Council is gearing up to consider a proposal regarding input tax credit for employee insurance premiums. Currently, businesses cann...
Could October’s 2027 Social Security COLA look bigger on paper than the raise retirees actually see after Medicare costs?On October 14, official September inflation figures will finalize the 2027 Social Security cost-of-living adjustment. Forecasts center on 3...
Sell your stocks too soon and you may pay more: How long you hold an asset changes your 2026 Capital Gains Tax, and timing matters hereThe baseline for tax planning in 2026 relies on shifting retirement contribution limits. The IRS adjusted these thresholds, altering the ca...
Homeowners, read this first: Mortgage interest and property taxes only help in 2026 if you itemize, and many are better off skipping itHomeowners may want to look twice before claiming mortgage interest and property taxes as tax breaks in 2026. Those expenses help only when...
EPS pension benefit: Basic salary up to Rs 25,000 but no employer EPS contribution? Here’s where to complainEmployees participating in the Employees’ Pension Scheme (EPS) should verify that their employers are making necessary contributions. Shoul...
Self-employed? An S-Corp election could slash your self-employment taxes in 2026, and here's what smart business owners are doing todayFor self-employed owners, the biggest 2026 tax decision may not be another deduction. It could be how the business is structured. An S-Corp...
Many Americans overlook this: The new $7,500 IRA limit is one of the simplest ways to save on taxes in 2026, and it is still open todayThe 2026 tax rules quietly give retirement savers more room to plan. The IRA contribution limit has climbed to $7,500, while 401(k), 403(b)...
Max out your 401(k) in 2026: The $24,500 limit could quietly slash your tax bill before year's end, and plenty of workers still miss itThe 2026 401(k) employee contribution limit is $24,500. For a traditional 401(k), contributions generally reduce taxable income now, althou...
Employee put on PIP after 5 years decides to leave after secretly securing another job, but an unexpected COBRA tip makes the resignation timing a bigger questionAn employee put on a performance improvement plan (PIP) after five years at a company had already secured another fully remote job and was ...
The ET HR Excellence Awards: Recognising excellence in employee-centric HR service deliveryThe Excellence in HR Service Delivery & Employee Support category honors organizations that improve employee access to HR services via opti...
What happens if Social Security payroll taxes rise to 17%? The 2032 funding deadline could put thousands of dollars at stake for workersA higher Social Security tax could eventually take a noticeable bite out of workers’ paychecks. One estimate says closing the program’s lon...