IRS Penalty Update: 2024 Employer Shared Responsibility Penalties

picture of IRS revenue forms. IRS penalty

The IRS has recently released information on the penalty rates for violations of the Affordable Care Act’s (ACA) employer-shared responsibility provisions for the year 2024. Applicable large employers (ALEs), which are employers with 50 or more full-time equivalent employees, must comply with these provisions. Otherwise, they are subject to one of two penalties. First Penalty […]