Proposed legislation (H.R. 529) would expand the ability of companies to make contributions to employees’ 529 plans and ABLE (Achieving a Better Life Experience) accounts. It would create a qualified payroll deduction contribution program to enable pre-tax contributions (but only up to $100 per year). It would also create a tax credit for employer contributions to these plans.
Barbara Weltman
Big Ideas for Small Business, Inc.
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BOI reporting cont'd. But this isn’t the end of the story. The government filed a notice of appeal with the appellate court, and FinCEN says “deadline stay—voluntary submission only” (https://bit.ly/3ZpKxwU Note: There are cases challenging CTA that are still pending.