Business Law
Student Loans? New Tax Law Allows Employers to Match Your Loan Payments in 401(k)
A Silver Lining to the Burden of Student Loan Payments: Pre-Tax 401k Matching Contributions for Student Loan Borrowers. A new federal law allowing employers to match employee student loan payments with pre-tax 401(k) contributions went into effect January 2024. As part of the changes to the retirement law, Secure 2.0, passed in 2019, allows employees…
Read MoreAre Personal Injury Settlements Taxable?
What Settlements are NOT Taxable? As a general rule of thumb, most personal injury settlements and jury verdicts obtained from any lawsuit are not taxed by the Internal Revenue Service (IRS). This rule applies only to compensatory damages you receive as restitution for the expenses you incurred in relation to physical injuries or illness. You…
Read MoreWhat Is a “Cease-and-Desist” Letter?
A “Cease-and-Desist” letter is a written letter requesting that an individual, company, or organization stop a specific action (cease) and refrain from engaging in it in the future (desist). Cease-and-desist letters typically threaten or imply a threat of legal action if the party refuses to comply. Note that cease-and-desist letters are not the same as…
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