Revised Inflation Adjustments for 2018

By on March 14, 2018

The IRS has revised the inflation adjustments for 2018 to reflect changes made by the Tax Cut and Jobs Act, enacted at the end of 2017. In addition to revising the tax rate schedules, the Act also changed the index to be used to determine the inflation adjustments. The new index — Chained Consumer Price […]

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Employment Law Thoughts with Chip – Internships?

By on March 9, 2018

Three clients in the last two weeks have asked me about internships.  It must be the season for people to look for those opportunities.  The key question is always the same:  Do we have to pay them?  A recent appeals court decision provides some guidance, but no definitive answer. The U.S. Court of Appeals for […]

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Employment Law Thoughts with Chip – Reductions in Force

By on February 20, 2018

A recent federal court decision demonstrates the importance of a clear reduction-in-force selection process. In Ameti v. Sikorsky Aircraft Corp., the plaintiff claimed discrimination when he was selected among 17 of his peers in a reduction in force. The company utilized an employee assessment to determine the abilities of the employee and his peers to […]

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Health Savings Account Parameters for 2018

By on May 17, 2017

The Internal Revenue Service has announced 2018 cost of living adjustments for health savings accounts (HSAs) under current law. For those with HSAs, a high deductible health plan must have a deductible of at least $1,350 (up from $1,300 in 2017) and total out of pocket expenses (deductibles, co-payments, and other amounts, but not premiums) […]

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Paul Izzo

Good News for Disabled Individuals at the End of 2016

On December 20, 2016

The end of 2016 brings good news to disabled individuals and their advocates on two fronts: As of December 19, 2016, the two year anniversary of enactment of the federal law that authorized states to create the programs, Virginia’s ABLEnow program has gone live. The program permits eligible disabled individuals to invest up to $14,000 […]

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