The Tax Cuts and Jobs Act (P.L. 115-97), also known as Tax Reform, was signed into law on December 22, 2017. This issue of HR Insights focuses on some of the changes relating to payroll and benefits, including:
• Tax withholding tables and Form W-4
• ACA individual mandate
• Family and Medical Leave Act tax credit
• Rollover of defined contribution plan loan
offsets
• Recharacterization of IRA contributions
• Qualified transportation and bicycle
commuting benefits
• Qualified moving expenses
• Employee achievement awards