Jun 14, 2023 | News to Note
From Accounting Today — By Michael Cohn — Republicans on the House Ways and Means Committee advanced a series of bills Tuesday, June 13, aimed at reducing taxes but also rolling back parts of the Inflation Reduction Act passed by the Democrats last year. One of the...
Jun 7, 2023 | News to Note
From CNBC — By Kate Dore CFP — LAS VEGAS — Tax savings aren’t typically the main reason for philanthropy. But if you’re planning to donate money, certain charitable giving strategies provide a bigger tax benefit. Since the Tax Cuts and Jobs Act of 2017, there’s been...
May 31, 2023 | News to Note
From Retirement Daily on the Street — By Joe DiSalvo & Marie Madarasz — If we were to take a poll asking, “Who has an issue with the amount of taxes we pay?” we’re sure many hands would go up. However, if we had a time machine and were to travel back several...
May 24, 2023 | News to Note
From USA.gov — Imposter scammers pretend to be from the IRS or Social Security, a business, or a charity. They want you to trust them so they can steal your personal information and money. Types of imposter scams An imposter scammer may call, text, or email to...
May 17, 2023 | News to Note
From Accounting Today — By Jeff Stimpson — Inflation-adjusted amounts for health savings accounts are headed up — and up — again. In Revenue Procedure 2023-23, the Internal Revenue Service said for calendar year 2024, the annual limitation on deductions for an...
May 10, 2023 | News to Note
From Investopia.com — By Terry Lane — Tax refunds were lower this year, and while the expiration of pandemic credits may be primarily to blame, tax experts say Americans should count on smaller refunds and more balances owed in coming years. The average tax refund...
