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Latest IRS Updates on Section 125 Cafeteria Plans
Navigating hand benefits can be challenging due to the intricate rules girding tax- advantaged programs. One similar program that continues to evolve is the section 125 cafeteria plan. These plans allow workers to pay for certain benefits usingpre-tax bones , which reduces their taxable income and lowers employer payroll taxes. Recent IRS updates have clarified eligibility, compliance...
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