Every year, the dollar amounts allowed for various federal tax benefits are subject to change based on inflation adjustments and legislation. Here are some important tax figures for 2017, compared with 2016, including the estate tax exemption, Social Security wage base, qualified retirement plan and IRA contribution limits, driving deductions, allowable business write-off amounts and more.
Although new overtime regulations were set to kick in on December 1, a federal district court has moved to block the changes, at least temporarily. What does this mean for employers and what should they do now? Whether businesses should immediately drop plans to comply with the new rules, or move forward anyway, may not be a simple question for employers to answer. Here’s more.
Federal law requires every employer that hires an individual for employment in the United States to complete Form I-9, “Employment Eligibility Verification.” The U.S. Citizenship and Immigration Services (USCIS) recently issued a new version of Form I-9 that employers must start using soon. Here are the details of the new form.