Benefit & Compensation Provisions in 2017 Tax Reform Law

The Tax Cuts and Jobs Act, signed into law by President Trump on December 22, 2017, makes sweeping changes to the Internal Revenue Code of 1986. Read Winston & Strawn’s Employee Benefits & Executive Compensation Practice briefing, “Benefit and Compensation Provisions in the Tax Cuts and Jobs Act,” for key takeaways, including:

• Executive compensation for public companies and tax-exempt entities
• Qualified equity grant deferrals
• Qualified retirement plan provisions
• Fringe benefit provisions
  • Qualified transportation fringe benefits
  • Commuting benefits
  • Deduction for entertainment, amusement, and recreation
  • Deduction for meals, food, and beverages
  • Employee achievement awards
  • On-premise athletic facilities
  • Moving expenses
  • New credit for employer-paid family and medical leave
  • Affordable Care Act Provisions
    • Individual mandate repeal
    • Medical expense deduction expansion