Consider Creating An Accountable Plan

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Now that itemized deductions have been suspended through 2025, employees can no longer deduct unreimbursed business expenses.

Fortunately, you can help your employees out with a tax benefit that’s also deductible by creating an accountable plan. When set up properly, it’ll allow you to reimburse employees for business travel and other related expenses while preventing the need to pay payroll taxes on the reimbursements.

 

Have questions about accountable plans? Let’s talk!