November 2024

State Updates

 

IRS Releases 2025 HSA and HDHP Limits

11/07/24

The Internal Revenue Service (IRS) via Revenue Procedure 2024-25 has released the inflation-adjusted contribution limitations for calendar year 2025 in relation to health savings accounts (HSAs) and high-deductible health plans (HDHPs).
Wednesday, November 6, 2024/Author: ADP Admin/Number of views (95)/Comments (0)/
Categories: Compliance CornerFederal Compliance Update
Tags: 11/07/24

Minimum Wage Increase for Federal Contractors Announced

11/07/24

The Department of Labor (DOL) has announced that the hourly minimum wage for employees performing work on covered federal contracts will increase from $17.20 to $17.75 on Jan.  1, 2025.  The new minimum wage rate will apply in full to tipped and non-tipped employees, as well as to workers with disabilities.
Monday, November 4, 2024/Author: ADP Admin/Number of views (71)/Comments (0)/
Categories: Compliance CornerFederal Compliance Update
Tags: 11/07/24

Time Off to Vote: 8 Facts Employers Should Know

11/07/24

Many jurisdictions require employers to provide time off to employees to vote and/or act as an election official. Here are eight key facts about these requirements.
Monday, November 4, 2024/Author: ADP Admin/Number of views (67)/Comments (0)/
Categories: Compliance CornerFederal Compliance Update
Tags: Compliance Corner11/07/24

Time Off to Vote: 8 Facts Employers Should Know

11/07/24

Many jurisdictions require employers to provide time off to employees to vote and/or act as an election official. Here are eight key facts about these requirements.
Monday, November 4, 2024/Author: ADP Admin/Number of views (62)/Comments (0)/
Categories: Compliance CornerFederal Compliance Update
Tags: Compliance Corner11/07/24

Social Security Wage Base for 2025 Announced

11/07/24

On Oct. 10, 2024, the Social Security Administration (SSA) announced the 2025 wage base. The annual wage base limit is the maximum amount of employee wages that are subject to the social security tax for the calendar year.
Friday, November 1, 2024/Author: ADP Admin/Number of views (165)/Comments (0)/
Categories: Compliance CornerFederal Compliance Update
Tags: Compliance Corner11/07/24

IRS Announces 2025 Benefit Plan Contribution Limits

11/07/24

On Oct. 22, 2024, the Internal Revenue Service (IRS) announced via Revenue Procedure 2024-40 the dollar limitation for 2025 on employee salary reductions for contributions to health flexible spending accounts; the monthly limitation regarding the aggregate fringe benefit exclusion amount for transportation in a commuter highway vehicle and any transit pass; and the maximum amount that can be excluded from an employee’s gross income for the amounts paid for qualified adoption expenses furnished pursuant to an adoption assistance program.
Friday, November 1, 2024/Author: ADP Admin/Number of views (156)/Comments (0)/
Categories: Compliance CornerFederal Compliance Update
Tags: Compliance Corner11/07/24

Longer Automatic Extension Granted for Green Card Renewals

10/03/24

U.S. Citizenship and Immigration Services (USCIS) has automatically extended the validity of Permanent Resident Cards (also known as Green Cards) to 36 months for lawful permanent residents who file Form I-90, Application to Replace Permanent Resident Card.   


 This extension is expected to help applicants who experience longer processing times, because they will receive proof of lawful permanent resident status as they await their renewed Green Card.

Tuesday, October 1, 2024/Author: ADP Admin/Number of views (116)/Comments (0)/
Categories: Compliance CornerFederal Compliance Update
Tags: Compliance Corner10/03/24

FTC Non-Compete Rule Blocked Nationwide - Employer Considerations

09/05/24

A Texas court has set aside the Federal Trade Commission’s (FTC’s) Final Rule banning almost all non-compete clauses days before it was set to take effect on Sept. 4.  The court’s ruling bars the FTC from enforcing the Final Rule nationwide.  
Tuesday, September 3, 2024/Author: ADP Admin/Number of views (179)/Comments (0)/
Categories: Compliance CornerFederal Compliance Update
Tags: 09/05/24

Form I-9 Updated with New Expiration Date

09/05/24

U.S. Citizenship and Immigration Services (USCIS) has updated the Form I-9 (I-9) to extend the expiration date from July 31, 2026 to May 31, 2027.
Tuesday, September 3, 2024/Author: ADP Admin/Number of views (247)/Comments (0)/
Categories: Compliance CornerFederal Compliance Update
Tags: 09/05/24

Federal Appeals Court Strikes Down Tipped Employee 80/20/30 Rule

09/05/24

On Aug. 23, 2024, a three-judge panel of the 5th United States Circuit Court Appeals unanimously struck down the 2021 Department of Labor Final Rule regarding tipped employees.
Tuesday, September 3, 2024/Author: ADP Admin/Number of views (175)/Comments (0)/
Categories: Compliance CornerFederal Compliance Update
Tags: 09/05/24
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