Guidance Issued on Taxing of State Payments
Many states made special tax refunds or payments related to the pandemic and its associated consequences in 2022. A variety of state […]
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 […]