Public Announcements 2021

Georgia

Effective 1-1-21, creditor garnishments will continue for 1,095 days (currently 179 days). The maximum amount that can be garnished for private student loan debts will be 15% of the employee’s weekly disposable income. The employer is required to comply with the 15% maximum, rather than the usual 25% maximum for other creditor garnishments, only if the summons of garnishment or court order in the pending garnishment conspicuously states that it is based on private student loan debt.

Georiga extends tax filing deadline to July 15thGeoriga extends tax filing deadline to July 15th

2021 IRS LIMIT ANNOUNCEMENTS:

SOCIAL SECURITY LIMIT: $142,800
401K MAXIMUM: $19,500 - Total Comp = $290,000
401K CATCH-UP: $6,500 for a total of $26,000
BUSINESS MILEAGE: 56 cents
MOVING/MEDICAL: 16 cents
CHARITABLE: 14 cents

HEALTH SAVINGS ACCOUNT: $3,600 FOR INDIVIDUAL AND $7,150 FOR FAMILY
HEALTH SAVINGS ACCOUNT CATCH-UP: $1,000
HEALTH CARE FLEXIBLE SPENDING ACCOUNT LIMIT: $2,750
DEPENDENT CARE FLEXIBLE SPENDING ACCOUNT LIMIT: $5,000 FOR MARRIED JOINT RETURNS AND $2,500 FOR MARRIED FILING SEPARATE RETURNS

TRANSIT PASSES: $270 PER MONTH
TRANSIT PARKING: $270 PER MONTH

ADOPTION ASSISTANCE: $14,440