News & Information

 

FEATURED PRODUCT

U.S. Master™ Payroll Guide, 2009 Edition

U.S. Master™ Payroll Guide, 2009 Edition
Everything you need to know about payroll, from employers and their obligations, to payroll withholding and tax deposits, to payroll management and administration issues.

CCH® PAYROLL — 12/22/08

IRS issues Pub 15-B for 2009

The IRS has issued Pub. 15-B, Employer's Tax Guide to Fringe Benefits For use in 2009.

Changes to note

Cents-per-mile rule. The standard mileage rate you can use under the cents-per-mile rule to value the personal use of a vehicle you provide to an employee in 2009 is 55 cents-per-mile.

Increase in qualified parking exclusion and commuter transportation benefit. For 2009, the monthly exclusion for qualified parking increases to $230 and the monthly exclusion for commuter highway vehicle transportation and transit passes increases to $120. (IRS Pub. 15-B, 2009.)

Visit our News Library to read more news stories.