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The American Rescue Plan Act (ARPA) enacted March 11 includes a substantial increase in the limits for dependent care under Flexible Spending Plans (Section 125 cafeteria plans) as well as increasing the tax credit for child care for calendar year 2021. Combined with the flexibility to make changes to plan elections mid-year, the increase will offer significant tax relief to those incurring high dependent care costs.
The Ohio Department of Taxation (ODT) is warning Ohioans who may be victims of unemployment fraud to report the suspected fraud or potentially face higher taxes.The Ohio Department of Job and Family Services (ODJFS) has identified more than 80,000 cases of unemployment fraud by criminals using stolen identities.Victims of that identity theft who have received Form 1099-G from ODJFS showing that they received unemployment benefits – but never applied for benefits – could potentially pay federal and state tax on that unreceived benefit if they don’t act to correct the record.
Ohio Governor Mike DeWine signed House Bill 352 into law on January 12, 2021. House Bill 352, more commonly known as the Employment Law Uniformity Act (“Act”), enacts several important changes that employers should understand. The following highlights some of the changes to Ohio Revised Code Chapter 4112 related to discrimination claims. The Act becomes effective April 15, 2021.
