- Republicans in the U.S. House of Representatives attempt to deliver on President Trump’s campaign promises in the One Big Beautiful Bill Act (BBB or the Act), which passed the House by a razor-thin margin of 215 in favor and 214 opposed on May 22, 2025.
- BBB shows favoritism of Health Savings Accounts and Health
fringe benefits
Illinois Enacts Pre-Tax Commuter Benefits Requirement
Posted in Commuter Benefits, Fringe Benefits
The new Illinois Transportation Benefits Program Act (HB 2068; P.A. 103-291) aims to promote the commuter benefits available to employees who use public transportation to commute to and from work.
Beginning January 1, 2024, certain employers located within designated Illinois counties and townships will be required to provide employees a “pre-tax commuter benefit.”
The pre-tax…
Are You Ready for District of Columbia’s Transportation Benefits Equity Law (Parking Cash Out Law)?
Beginning as early as January 15, 2023, certain employers will need to ensure they are complying with the District of Columbia’s Transportation Benefits Equity Amendment Act of 2020, also known as the “Parking Cash Out Law.”
Parking Cash Out Options
By January 15, 2023, or the end of their parking lease, whichever is later, “Covered…
2018 Tax Reform Series: Tax Law Changes to Employee Fringe Benefits
By Bruce H. Schwartz on
Posted in Tax Cuts and Jobs Act
Below is the second article in our series covering the employee benefits-related changes contained in the Tax Cuts and Jobs Act signed by the President on December 22, 2017.
As discussed below, the Act makes several changes to the taxability and deductibility of employee fringe benefits beginning January 1, 2018.
The changes are somewhat arbitrary…