HR Alert

IRS Releases New Fringe Benefit Tax Guide for Employers

2018 Publication 15-B Covers New Tax Law Changes

The Internal Revenue Service (IRS) has released the 2018 Publication 15-B, Employer's Tax Guide to Fringe Benefits, which contains information for employers on the employment tax treatment of fringe benefits. The 2018 version of the publication has been updated to include the following changes (among others) from the new tax law and other federal guidance:

  • Suspension of the exclusion for qualified bicycle commuting reimbursements.
  • Suspension of the exclusion for qualified moving expense reimbursements (with limited exceptions).
  • Limitation of the employer deduction for expenses for certain fringe benefits.
  • Establishment of qualified small employer health reimbursement arrangements (QSEHRAs).

In addition, the publication contains the following updated guidance for 2018:

  • Suspension of the exclusion for qualified bicycle commuting reimbursements.
  • Suspension of the exclusion for qualified moving expense reimbursements (with limited exceptions).
  • Limitation of the employer deduction for expenses for certain fringe benefits.
  • Establishment of qualified small employer health reimbursement arrangements (QSEHRAs).

Click here to view the publication.


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