by Anne Angera | Feb 5, 2025 | Resources For Individual Taxpayers
Chances are, you’re more concerned about your 2024 tax return right now than you are about your 2025 tax situation. That’s understandable because your 2024 individual tax return is due to be filed by April 15 (unless you file for an extension). However, it’s a good...
by Anne Angera | Feb 5, 2025 | Resources For Employers, Resources For Individual Taxpayers
The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage rate used to calculate the deductible cost of operating an automobile for business has also gone up. The IRS recently announced that the 2025 cents-per-mile...
by Anne Angera | Dec 20, 2024 | Resources For Individual Taxpayers
As the end of the year draws near, savvy taxpayers look for ways to reduce their tax bills. This year, the sense of urgency is higher for many because of some critical factors. Indeed, many of the Tax Cuts and Jobs Act (TCJA) provisions are set to expire at the end of...
by Anne Angera | Dec 6, 2024 | Resources For Employers, Resources For Individual Taxpayers
A federal district court judge has struck down the Biden administration’s new rule regarding the salary threshold for determining whether certain employees are exempt from federal overtime pay requirements. The first phase of the rule took effect for most employers in...
by Anne Angera | Nov 22, 2024 | Resources For Individual Taxpayers
The IRS has issued its 2025 inflation adjustment numbers for more than 60 tax provisions in Revenue Procedure 2024-40. Inflation has moderated somewhat this year over last, so many amounts will increase over 2024 but not as much as in the previous year. Take these...
by Anne Angera | Oct 31, 2024 | Resources For Individual Taxpayers
The IRS has issued its 2025 inflation adjustment numbers for more than 60 tax provisions in Revenue Procedure 2024-40. Inflation has moderated somewhat this year over last, so many amounts will increase over 2024 but not as much as in the previous year. Take these...
