Making Sense of Business Travel Deductions
If you travel for business, you probably know that you can deduct some of the expenses related to that travel from your […]
Taxes and the Gig Economy
The nature of work has changed over the last several years. In this time it has become more common for workers to […]
Standard Mileage Rates Updated for 2023
If you itemize your deductions on your tax return, you may be interested to know that the IRS has updated the standard […]
New 1099-K Requirements Delayed
The IRS has announced a delay in reporting thresholds for third-party settlement organizations that was scheduled to take effect for the upcoming […]
What’s New in 2023
As I’m sure you know, Congress seems to make changes to tax laws just about every year. This year was no exception, […]
Reducing Taxes with Qualified Charitable Distributions
In most cases, distributions from a traditional Individual Retirement Account (IRA) are taxable in the year you receive them, but there are […]
Employers: Beware ERC Scams
If you are an employer, be careful about third parties that may advise you to claim the employee retention credit (ERC) when […]
401(k) and IRA Limits Increase in 2023
The IRS has announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from […]
IRS Announces Tax Inflation Adjustments for 2023
The Internal Revenue Service has announced the tax year 2023 annual inflation adjustments for manyu tax provisions, including the tax rate schedules […]
The Child Tax Credit is for More Than Just Parents
Even people who are familiar with the Child Tax Credit (CTC), might not realize that you don’t necessarily have to be the […]