On his first day in office, President Joe Biden issued an executive order pausing federal student loan payments. HR students and emerging HR professionals are closely monitoring the situation as the president and Congress consider further, permanent action to alleviate student debt.
The IRS is raising the fee that health insurers or self-insured health plan sponsors will pay in 2021 to fund the federal Patient-Centered Outcomes Research Institute (PCORI) trust fund. The annual fee, calculated based on the number of plan enrollees during the preceding year, is due to the IRS by July 31.
As employers learn about the paid-leave requirements under the Families First Coronavirus Response Act (FFCRA) and corresponding tax credits, misconceptions have arisen related to such details as when to claim the credits and which employers are eligible to claim them.
Newly introduced legislation, backed by the Society for Human Resource Management, would temporarily raise the amount of tax-free educational assistance that employees can receive from their employers and permanently modernize qualified educational assistance to cover tools and technology.