Remove 2025 Remove Expense Reimbursements Remove payroll tax
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Understanding Accountable Plans

Withum

The TCJA suspended the 2% deductibility rule through 2025. Expenses paid under an accountable plan are not treated as income to the employee. If not properly reported and documented, business-related expense reimbursements can be considered taxable compensation to employees and therefore subject to applicable payroll taxes.

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??Tax Attorney Weighs In on Payroll Tax Provisions in FY 2024 Budget?

ThomsonReuters

. ”In fact, I would put the odds of enactment before 2025, after the next election cycle, of any provision described in the Biden Budget or Treasury Greenbook as less than 10%,” he said. 31, 2025 the Work Opportunity Tax Credit under  Code Sec. 31, 2025 the Work Opportunity Tax Credit under  Code Sec.