Fringe benefit limits mostly unchanged next year.

• Position: In The News...

As the pandemic rages, the IRS has decided to maintain the status quo on key fringe benefits limits for 2021. Employees will again be able to contribute up to $19,500 to their 401(k) or 403(b) retirement accounts in 2021. Employees age 50 and older can contribute an additional $6,500. The amount employers can exclude from employees' income for qualified...