Carl Draucker

Subscribe to all posts by Carl Draucker

ARPA Expands Section 162(m) Covered Employee Group

The American Rescue Plan Act of 2021 (“ARPA”)[1] makes a small but significant change for publicly held corporations subject to the compensation deduction limitations under Internal Revenue Code Section 162(m). In general, Code Section 162(m) limits deductions for compensation in excess of $1 million for “covered employees”.… Continue Reading

Threat to 401(k) plans?

With U.S. tax reform on the horizon, there are some reports that lawmakers are considering limiting annual pretax contribution limits to 401(k) plans to $2,400.  The current tax code allows most workers to contribute up to $18,000 on a pretax basis to 401(k) plans.  At this time, it is uncertain whether there will be any … Continue Reading