Take a look at changes that will impact your 2023 tax return. Keeping up with changing tax laws can help get the most out of the laws and minimize taxes.
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The standard business mileage rate has gone up for 2023. The 2023 cents-per-mile rate for business use of a car/van/pickup or panel truck is 65.5 cents.
https://blog.fiducial.com/wp-content/uploads/2023/01/FiducialBlogImage--StandardBusinessMileageRate_c4107497e843a81385b57f568ff7ea7b_2000.jpg292560Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2023-01-13 14:01:052023-02-03 21:32:17The Standard Business Mileage Rate Has Gone Up for 2023
Here are some key tax-related deadlines for businesses and employers during Q1 2023. This list isn’t all-inclusive. There may be more deadlines for you.
The IRS announced the 2023 dollar limits and thresholds for 401(k)s and other qualified retirement plans. Changes reflect latest cost-of-living adjustments.
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The IRS released the 2023 cost-of-living adjustments (COLAs). These apply to a variety of tax-related limits applicable to many popular fringe benefits.
https://blog.fiducial.com/wp-content/uploads/2022/12/FiducialBlogImage--COLAs_2cded6510c9cb52374fcdb90b8a43755_2000.jpg788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2022-12-23 14:00:402022-12-23 14:00:40Popping Open Some Fringe Benefit COLAs for 2023
The ERTC provides refundable tax credits to employers that kept workers on payroll during the pandemic. This is a credit against the employer payroll taxes.
Year-end is approaching as are the holidays. Before the seasonal celebrations, consider year-end tax planning moves to benefit you for both 2022 and 2023.
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