Remove Expense Reimbursements Remove payroll tax Remove tax return
article thumbnail

Understanding Accountable Plans

Withum

Prior to the Tax Cuts and Jobs Act of 2017 (“TCJA”), unreimbursed out-of-pocket expenses paid by employees were treated as a miscellaneous itemized deduction on an employee’s personal tax return to the extent these out-of-pocket expenses exceeded 2% of the employee’s adjusted gross income.

article thumbnail

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

ThomsonReuters

Also, he clarified that the statutes of limitation relating to employment tax returns do not restart for purposes of IRS assessment when an amended return is filed. 31, 2025 the Work Opportunity Tax Credit under  Code Sec. 31, 2022 the employer credit for paid family and medical leave under  Code Sec.