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.
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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.
It's been a rough Fall for the stock market. You should review your portfolio and other capital transactions to minimize gains or maximize losses this year.
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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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A frequent question that arises when borrowing money is whether or not the interest will be tax deductible. Unfortunately, not all interest is deductible.
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