Taxes
As Electric Vehicles Shrink Gas Tax Revenue, States May Tax Mileage
More states are considering charging fees based on miles driven to help pay for roads and bridges.
IRS Warns of Third-Party Employee Retention Credit Claims
These third parties often charge large upfront fees or a fee that is contingent on the amount of the refund and may not inform taxpayers that ...
IRS Increases 401(k) and IRA Contribution Limits
The amount individuals can contribute to their 401(k) plans in 2023 to $22,500, up from $20,500 for 2022. The IRS has also issued technical guidance regarding all of the cost‑of‑living adjustments ...
IRS Announces Inflation Adjustments, Tax Brackets for 2023
The tax year 2023 adjustments released by the IRS generally apply to tax returns filed in 2024.
PALs May Not Be Your Friend – Rental Property Tax Tips
If you own investment real estate that you rent out to tenants—for example, an apartment building—it can be a steady source of annual income.
Working Out a 1031 Exchange of Real Estate
You can still avoid current capital gains tax when you exchange one real estate property for another, or as a result of an exchange involving multiple parties, as long as certain requirements are met.
Why Are Only Some Tax Breaks Adjusted for Inflation?
More often than not, inflation accommodations are the first to go during negotiations in Congress.
Congress to Mull Extending Tax Breaks for Kids, Companies
Passage could offer a marginal lift to households and companies next year as the U.S. faces risk of a recession.