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...
May 3, 2023 | News to Note
From the Internal Revenue Service/IRS.gov – Plan now to take advantage of new and existing tax benefits, prepare for reporting changes The Internal Revenue Service on Monday, May 2, urged business taxpayers to begin planning now to take advantage of tax-saving...
Apr 26, 2023 | News to Note
From MSN Money — By Laura Gariepy — If nothing is done to change course, Americans on Social Security may see their monthly benefits drop by 25% in the years ahead. That’s because the Social Security trust fund reserves could become insolvent within the next decade....
Apr 19, 2023 | News to Note
From MSN Money/The Motley Fool – By Christy Bieber – Tax-filing season has just come to a close, which is a big relief. My returns have been submitted, and I’ve fulfilled my major obligations to the IRS for the year. Now all that’s left for me to do...
Apr 12, 2023 | News to Note
From the Internal Revenue Service — WASHINGTON — The Internal Revenue Service wrapped up its annual Dirty Dozen list of tax scams for 2023 last week with a reminder for taxpayers, businesses and tax professionals to watch out for these schemes throughout the year, not...
