Newsletters
2019 Limitations & Rate Updates
Posted January 2019
The following payroll caps and limitations have been updated for 2019:
Social Security wage base increases from $128,400 to $132,900
401(k) maximum deferral is up $500 to $19,000
HSA contribution limits are increased to $3,500 per individual and $7,000 for a family
FSA contribution limit is up $50 to $2,700
Upcoming Conferences – January 2019
Posted January 2019
Shareholders and employees of Stanfield + O’Dell attend and present at various meetings and conferences around the U.S. We invite you to join us at these events.
Mileage Rates: Are You Over- or Under-Reimbursing Your Employees?
Posted January 2019
Many organizations use the IRS’s standard mileage rates to calculate deductible vehicle costs and reimburse employees. For 2019, the rate is 58 cents per mile driven for business.
IRS Issues Standard Mileage Rates for 2019
Posted January 2019
The IRS has issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2019, the standard mileage rates for the use of a passenger vehicle will be: