Tag Archives for " end-of-year tax planning "

The IRS Just Announced New 2024 Tax Brackets. Here’s How to See Yours

  • November 16, 2023

The IRS is introducing new income limits for its seven tax brackets, adjusting the thresholds to account for the impact of inflation. That could provide a break to some taxpayers on their taxes in 2024.The

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Now is the Time for Year-End Tax Planning

  • November 22, 2022

With only a little while left in 2022…It’s time to review your year-end tax plans.Knowing the federal tax breaks to take advantage of and the pitfalls to avoid can save you money. Let’s start

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Millions of Americans Just Got a Tax ‘Cut.’ Will It Save You Money?

  • October 24, 2022

Many of the 145 million Americans who filed individual tax returns this year might feel like they just got a tax break.Substantial inflation adjustments made recently by the Internal Revenue Service mean

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How Bonuses are Initially Taxed May Create Tax Issues

  • July 21, 2022

If your bonus doesn't have the proper withholdings taken out up front, it may create taxes due when you file your tax return.This has been an ongoing issue for people who are paid bonuses during the tax

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Avoid Tax Problems when Providing New Benefits

  • December 2, 2020

Providing new perks or benefits without realizing that they're likely taxable can cause tax problems down the road, for employees and employers.With the COVID-19 pandemic forcing major changes around where

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Does Giving an Employee a Gift Card or Other Small Gift Cause a Tax Issue?

  • December 1, 2020

Are employer gift cards taxable? Yes. In the past, employers could give employees cash or a cash equivalent gift such as a gift certificate for amounts less than $25 without any tax concern. These were

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Top 10 Year-End Tax Planning Tips

  • November 2, 2020

Between the political environment and the COVID-19 pandemic and its attendant stimulus packages, this year has seen more than its share of uncertainty around tax – which makes year-end tax planning all

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