What Employee Benefits Are Tax Deductible Under the TCJA?

The TCJA will eliminate at least four tax breaks for providing employee benefits: deductions for employee achievement awards, qualified transportation fringe ...

Tax Cuts and Jobs Act: A comparison for businesses - IRS

The TCJA generally eliminated the deduction for any expenses related to activities considered entertainment, amusement or recreation. However, under the new law ...

Changes to the Employee Benefits Tax Breaks - Accounting Freedom

4 Breaks Curtailed · 1. Transportation benefits. The TCJA eliminates business deductions for the cost of providing qualified employee transportation fringe ...

Employee Benefits and the Tax Cuts and Jobs Act - Maynard Nexsen

7. Narrowed deduction for “employee achievement awards” ... The Tax Code allows employers to reward employees for length of service or safety ...

Recent executive compensation and fringe benefit changes

The TCJA significantly affected the tax treatment of executive compensation and employee fringe benefits, amending deduction limitations in ...

New Tax Law Includes Changes for Employee Benefits - Triton HR

As CNBC contributor Sarah O'Brien explained, TCJA offers incentives in the form of tax credits to companies that provide paid short-term leave for employees ...

Tax Cuts and Jobs Act Effect on Meals and Entertainment

Under pre-TCJA law these deductions were limited to 50% deductible on the tax return, and the other 50% a permanent non-deductible item. After January 1 ...

Fringe Benefits Affected by the Tax Cuts and Jobs Act - Ogletree

The TCJA suspended the exclusion for qualified moving expenses paid or reimbursed by the employer and the corresponding employee deduction for ...

How did the TCJA change the standard deduction and itemized ...

The Tax Cuts and Jobs Act (TCJA) increased the standard deduction from $6,500 to $12,000 for individual filers, from $13,000 to $24,000 for joint returns, and ...

Tax Cuts and Jobs Act (TCJA) | Practical Law - Westlaw

Tax Cuts and Jobs Act (TCJA) · Employee Benefits. · Executive Compensation. · Labor & Employment. · Real Estate. · Taxation.

Certain Employee Benefit Payments Are Tax Deductible

You can generally deduct the cost of providing employee compensation and benefits as a business expense. If you have employees, you are undoubtedly aware ...

Meals & Entertainment Under the Tax Cuts and Jobs Act

Entertainment provided primarily for the benefit of employees remains 100% deductible. This would include the office holiday party, annual picnic and other ...

How did the Tax Cuts and Jobs Act change personal taxes?

TCJA repealed personal and dependent exemptions. In their place, the law increased the standard deduction and the child tax credit (CTC) and created a new $500 ...

Employer Update | Internal Revenue Service

Bicycle Commuting Reimbursements No Longer Excluded from Employees' Income but Still Deductible by Employers ... Under the new tax law, employers ...

Qualified transportation fringe benefit and loss of deduction under ...

274 to limit or eliminate tax deductions for expenses related to QTF benefits. The TCJA did not eliminate the tax-favored status of QTF benefits ...

The 2025 Tax Debate: Individual Tax Deductions and Exemptions in ...

In 2025, lawmakers have a window for significant tax reform as key provisions from the Tax Cuts and Jobs Act (TCJA) are set to…

Employer Tax Benefits for Employee Travel Expense Reimbursements

For 2018 through 2025, the TCJA suspends miscellaneous itemized deductions subject to the 2% of AGI floor. That means even employees who itemize deductions and ...

TCJA Transportation Fringe Benefit Employer Deductions IRC Sec ...

TCJA Takes a Bite Out of Employer Deductions Related to Transportation Fringe Benefits · Transportation in a commuter highway vehicle for travel ...

Decoding the Tax Cuts and Jobs Act – Part VI - Foster Garvey

... TCJA focuses on these employer and employee fringe benefit provisions ... deduction and the exclusion for most taxpayers. For tax years ...

IRS explains fringe benefit changes under the Tax Cuts and Jobs ...

The TCJA does not change the rules for food or beverage expenses that are excludable from federal taxable wages as a de minimis fringe benefit ...