IRS Announces 2025 Business Mileage Rate of 70 Cents IRS Raises Standard Mileage Rate to 70 Cents for 2025 Understanding Tax Write-Offs for Small Businesses Syracuse University’s Life Together Initiative Expands for Spring 2025 Syracuse University’s Commitment to Inclusion and Accessibility IRS Standar...
IRS Announces Fiduciary Rule Excise Tax ReliefJon W. Breyfogle
The IRS on Tuesday announced its new inflation-adjusted tax brackets for 2025, with the annual income thresholds rising by about 2.8% from 2024 — the smallest jump in several years. The IRS each fall announces inflation-adjusted changes to the tax brackets and dozens of other provisions for...
The IRS announced Tuesday annual inflation adjustments for over 60 tax provisions in tax year 2023, including increases in the standard deduction for married couples and single individuals. Thesetax year 2023 adjustmentsgenerally apply to tax returns that will be filed in 2024. Included are ...
The IRS typically announces its new tax brackets each fall, but experts are already forecasting next year's adjustments by crunching the same inflation data the tax agency uses in its annual resets. Tax brackets and other provisions are likely to be adjusted higher by 2.8% for the 2025 tax ...
“President Biden is committed to saving Americans time and money and ensuring families receive the tax benefits they’re owed. Providing a free tool to all Americans who want the option to file directly with the IRS is key to achieving those goals,” said U.S. Secretary of ...
The IRS announced tax relief for victims of Hurricane Ian, including specific tax relief in relation to 1031 exchanges.
UPDATE: IRS announces tax relief for victims in California In response to recent winter storms in California causing flooding and mudslides, the IRS has announced tax relief for those in affected areas including several counties within the state of California. The below is a summary of the ...
Quarterly estimated tax payments due on April 15 now have a 60-day extension to pay by June 15. For our clients from all other states: Currently there is no consensus between the States on whether they are going to match the Federal filing extension for payment and filing. We are direc...
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