500 Reasons to Eliminate Social Security’s Tax Cap
Ending the cap for the 5% of U.S. workers who earn more than $160,200 would increase revenue by over $150 billion.
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SALT Cap Foes Poised to Influence House GOP Tax Agenda
Wins in high-tax states were key to Republicans' new House majority but complicate their plans on a signature issue.
6 Key Takeaways From Trump’s Tax Returns
The documents show the former president’s complex, and sometimes unusual, financial situation.
IRS, Treasury Update Guidance on Accounting Methods for Specified R&E Expenditures
Revenue Procedure 2023-11 outlines how companies should comply with changes made by the Tax Cuts and Jobs Act.
Do You Need A Charitable Appraisal? 2023 Tax Tips
The appraisal rules don’t apply to donations of publicly traded securities. Use the quoted market price to determine the FMV of the securities. This takes a lot of the guesswork out of the deduction.
Adoption Tax Credit Provides Valuable Benefit
The adoption credit is indexed annually by the IRS. Due to the rising inflation of late, the figures have jumped dramatically.
IRS 2023 Mileage Rate Rises to 65.5 Cents Per Mile
65.5 cents per mile driven for business use, up 3 cents from the midyear increase setting the rate for the second half of 2022.
Six Years of Donald Trump’s Tax Returns Released
The Trumps paid $750 or less in federal income tax in 2016 and 2017, and zero in 2020, according to the returns released by the House Ways and Means Committee...