Commuter Benefits

Commuter Benefits

With gas prices on the rise, commuter benefits are becoming increasingly popular. Through employers, commuter benefits allow employees to use tax-free dollars on commuting expenses, saving employees money on annual taxes. Qualified expenses may include: Parking costs – parking on or near the business premises. It could also include parking …

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Juneteenth

History The celebration of Juneteenth can be traced back to the late 1800s. On January 1, 1863, President Abraham Lincoln issued the Emancipation Proclamation, which freed all slaves in the United States, but it wasn’t until over two years later that the news reached enslaved African Americans in Texas. Union …

Commuter Benefits

Spending FSA Money on Summer Fun

For most, Memorial Day is the unofficial start of summer. This weekend numerous families will flock to the beach, go camping, or grill in the backyard. Outdoor activities will become much more common and popular as the weather warms. If you are planning to spend time outdoors, you need to …

Parameters-Industry News

2023 HSA and HDHP Limit Increases

The 2023 inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) were announced by the IRS. Each year the law requires the IRS to announce the limits by June 1st. These limits include the maximum HSA contribution limit, the minimum deductible amount for HDHPs, and the …