Family Status Change Definition | "Qualifying Life Event"

Payroll Definitions

Browse terms alphabetically

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Family Status Change Definition

Term Definition
Also commonly referred to as a “qualifying life event,” this is a change in the employee benefits elections under the Internal Revenue Service’s guidelines for a tax status change. The IRS defines what family events qualify and when these changes may result in a change in benefits or payroll tax amounts.

Extended Definition
Change in family status can apply to specific situations such as: legal marital status change, addition or reduction in the number of dependents, the employment status change (e.g., work hours or promotion), dependent becoming eligible or ineligible, and a change in the participant’s residence. In these instances, the individual can, according to IRS guidelines, change their family status.

Related Links
Family Status Change

Get Started

See a demo

Want to check out the software before your free trial?

See a Demo
Get Started

Try it free

Sign up today for a free, no-obligation 30-day trial.

Try It Free for 30 Days