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Showing posts with the label Workplace Benefits

IRS Audit Triggers in 2026: Small Errors That Flag Returns

IRS Audit Triggers in 2026: Small Errors That Flag Returns IRS Audit Triggers in 2026: Small Errors That Flag Returns TL;DR Summary Most “audit triggers” in 2026 are automated mismatches, not in-person audits. Small filing errors can flag returns when IRS data doesn’t match third-party reports. Careful reconciliation and quick responses to IRS notices can reduce risk. Many taxpayers worry that a minor mistake will automatically lead to an IRS audit. In reality, most issues that feel like audits begin with automated systems comparing what you reported against information sent to the IRS by employers, banks, brokers, and payment platforms. In 2026, these automated checks remain one of the most common reasons tax returns are flagged. While that can lead to additional tax and interest if left unresolved, many cases are fixable when addressed early. What Changed in 2026 and Why It Matters The biggest factor in 2026 is not a single ne...

Best Employee Benefits to Use Before Year-End 2025: FSA, HSA, PTO & Wellness Perks

Best Employee Benefits to Use Before Year-End (2025 Guide) TL;DR Summary: Many employer benefits reset on January 1, so unused funds may be forfeited. Key year-end benefits: FSA funds, HSA contributions, PTO payouts, retirement contributions, wellness stipends, and education benefits. Maximizing pre-tax accounts can significantly reduce your 2025 taxable income. Most unused FSA dollars are “use-it-or-lose-it,” while HSA funds roll over indefinitely. Employees should check deadlines, claim reimbursements, and schedule final healthcare or wellness services before December 31. Why Year-End Employee Benefit Planning Matters Many workplace benefits operate on annual cycles, meaning unused funds or allowances may disappear at year-end. Reviewing your employer’s benefits before December 31 can prevent forfeiting valuable money, tax advantages, or reimbursements you’re entitled to. 1. Use Your Flexible Spending Account (FSA) Funds The FSA is one of the biggest year-end...

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