Human Resource & Labor News
www.agc.orgJanuary 24, 2013 / Issue No. 1-13
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On the Inside
Labor Relations
Federal Court Finds Michigan PLA Law Preempted by NLRA
Free Members-Only AGC Webinar on Multi-Employer Pension Reform January 29, 2013
Collective Bargaining in 2012 Yields Average 1st-Year Increase of 2%
Court Dismisses Carpenters’ RICO Lawsuit Against Building Trades
Federal Labor Agencies Update Regulatory Agendas
Review of 2012 W-2s Necessary After Fiscal Cliff Deal Increases Transit Benefits
Care for Adult Children under FMLA Clarified
U.S. Transportation Department Issues Guidance on State-Approved Recreational and Medical Marijuana Use
Health Care
AGC to Host Webinar on the Affordable Care Act
IRS Proposes Regulations for Affordable Care Act “Pay or Play” Mandate
Group Health Plans Undergo Strenuous Labor Department Audits
Prepare Your Workforce for Flu Epidemic
Special Events
Don’t Miss the Jan. 31 Early-Bird Deadline for AGC’s Annual Convention - March 5-9 in Palm Springs, CA
Combined Construction HR and Training Professionals Conferences Set for Oct. 16-17 in Chicago
Review of 2012 W-2s Necessary After Fiscal Cliff Deal Increases Transit Benefits

A provision in the fiscal cliff deal has increased the monthly limitation regarding the fringe benefit exclusion amount for transit passes and transportation in a commuter highway vehicle from $240 to $245 for the 2013 tax year.  The legislation also allows for a retroactive increase to include tax year 2012.  As a result, the 2012 exclusion amount was increased from the $125 limit that had previously been established to the new $245 limit.

Employers that have not furnished Forms W-2 for tax year 2012 should take into account the increased exclusion amount when calculating the amount of wages reported on Forms W-2.  Employers that have already filed 2012 Forms W-2 will need to file Forms W-2c, Corrected Wage and Tax Statement, to take into account the increased exclusion for transit benefits.

Additional guidance to help employers calculate the amount of wages reported on Forms W-2  can be found on the IRS website.

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