The Tax Cuts and Jobs Act (TCJA) of 2017 made several sweeping changes to the tax code. However, many provisions were designed to be temporary and thus contained a “sunset” or expiration date. This article will review several provisions that have either recently expired or are scheduled to expire in the coming years.
On December 23, 2022, Congress passed the $1.7 trillion omnibus spending bill that contained several accounting and tax-related provisions, including the SECURE (Setting Every Community Up for Retirement Enhancement) 2.0 Act of 2022.
In this article, we will provide an overview of the benefit plan limits and thresholds for 2023, including updates to 401(k) plans, health savings accounts (HSAs), high-deductible health plans (HDHPs), flexible spending accounts (FSAs), and other miscellaneous benefits.
December’s sales declined by 1.5% to 4.02 million units annualized. That brought the total number of units sold last year to 5.03 million, 17.8%
Housing starts dropped by 1.4% on an annualized month-ago basis, while building permits fell by 1.6%. For all of last year, housing starts fell by 3%.
Understand how the IRS is changing tax compliance for taxpayers with international activity for 2022.
A recent IRS fact sheet explains tax credits for energy efficient home improvements residential energy property.
SECURE 2.0 Act significantly changes the tax rules governing qualified retirement plans and individual retirement accounts (IRAs).
We expect the December U.S. jobs report on Friday to show an increase in total employment of 220,000 positions.
