ERISA News

The IRS has issued Revenue Ruling 2023-10, which contains the applicable federal rates (AFR) for June 2023.

The IRS has issued Notice 2023-40, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

As announced by President Biden on January 30, 2023, the National Emergency in response to COVID-19 will end today. 

Senator Marco Rubio (R-FL), along with several cosponsors have reintroduced the Health Savings Act.

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on May 9, 2023, for severe storms, straight-line winds, flooding, landslides, and mudslides in Kentucky, for the incident period of February 15, 2023 – February 20, 2023.

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on May 5, 2023, for severe storms, straight-line winds and tornadoes in Alabama, for the incident period of March 24, 2023 – March 27, 2023.

The Department of the Treasury and the Internal Revenue Service are soliciting recommendations for items to be included on the 2023-2024 Priority Guidance Plan.

The IRS has announced the postponement of certain tax-related deadlines for victims of severe winter storms, straight-line winds, flooding, landslides, and mudslides in California.

Effective May 3, 2023, the prime interest rate increased from 8.00 percent to 8.25 percent.

Senator Ted Cruz (R-TX) and co-sponsor Senator Mike Braun (R-IN) have introduced S. 1226, a bill to make permanent several individual tax provisions.