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IRS Increases HSA Limits for 2021

The Internal Revenue Service (IRS) issued its annual health savings account contribution adjustment on Wednesday, May 20, for 2021, at a time when many taxpayers are worried about their health in the midst of the novel coronavirus pandemic.

Limits for 2021

In Revenue Procedure 2020-32, the IRS said for calendar year 2021, the annual limitation on deductions for an individual with self-only coverage

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5 Tips on Maintaining Mental Health During COVID-19

Top Five Tips on Maintaining Mental Health During the
Pandemic

While we’re continuously inundated with daily COVID-19 news
updates, urged to stay inside or wear protective personal equipment, and
state-wide business shutdowns get extended through May, the nation keeps
working on preserving physical safety. However, one’s mental health must be
factored into pandemic guidelines as well.

Some messaging around a quarantined lifestyle urges people
to pick up

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FAMILIES FIRST CORONAVIRUS RESPONSE ACT

New Rules in the Time of
COVID-19

In the face of an unprecedented pandemic and subsequent, preventative measures—including state-wide quarantines—the impact of the novel Coronavirus is changing the face of employee benefits. While it remains unclear when business operations will be back to normal, relief measures are providing some certainty in a precarious time.

“The Families First Coronavirus Response Act was signed

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JTS Statement Regarding COVID-19

As our community and clients adjust to the impacts of the COVID-19 outbreak, we want to update you regarding our plan to continue to support our clients.

JTS has always been committed to client success. That commitment extends to situations such as this, where you will have extreme pressure to balance business needs with the health of your employees. For that

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New 2020 W-4 Form

There’s a New Calculation in Tax Form Town: A Revised W-4

Revised by the IRS to comply with the income tax withholding requirements laid out in the Tax Cuts and Jobs Act (Pub. L. 115-97), the new 2020 Form W-4 bears little resemblance to its predecessor. Instead of withholding allowances to account for additional income, deductions, and tax credits, the new

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