A pandemic-related, temporary rule change in effect until the end of tax year 2024 lets more people take the Premium Tax Credit (PTC) and receive a larger tax break when they do. The law expands eligibility to those with a household income above 400% of the federal poverty level. ...
A law banning people from carrying guns in most public places wasblocked by a federal judgejust days before it was set to take effect. In 2023, the California Legislature passed 1,046 bills. Newsom signed 890 of those bills into law. He vetoed 156 bills, or 14.9%, according to ...
A second CPP tax, also set to begin this year, was recently announced by the federal government. However, this tax will only impact “workers whose income is above the first earnings ceiling”,according to the Globe and Mail.More information on this tax can be foundhere. A...
“An HSA is a tax-advantaged medical savings account available to taxpayers enrolled in a high-deductible health plan. Contributions are not subject to federal income tax,” Porter says. He says that HSA funds roll over and accumulate year to year if they are not spent. Meanwhile,...
Focuses on the Economic Growth and Tax Relief Reconciliation Act of 2001 in the U.S. which gives employees savings and investment opportunities as of April 2001. Provisions for retirement savings; Opportunities related to marriage, parenting and education....
Year-End IRA Tax Moves Optimize your IRA and 401(k) strategies with these key tax-saving tips for year-end planning. Kate StalterDec. 24, 2024 Reduce Taxes on Your Retirement Savings Try these strategies to minimize taxes on money you set aside for retirement. ...
BOSTON - A new year means some new laws and changes go into effect in 2023, impacting Massachusetts at both the state and federal level. Here's a few you should know about. MINIMUM WAGE HIKE The Massachusetts minimum wageis increasingto start 2023, and there are other changes coming for ...
Both visits will give me the opportunity to impress upon our representatives the need to return Federal and State tax dollars here, so there is less of a burden on local taxpayers to fund local government’s operation and projects. Another Pancake Breakfast Is Coming Up… The Tuscora Park ...
I’ll close by making a broader point about the benefits ofdecentralizationandfederalism. I’m sure that there is both federal funding and state funding of New York City’s Department of Education. What incentive is there for the bureaucracy to spend that money wisely (or, as we just learned...
New Law:Beginning January 1, 2023, no New Jersey S corporation election is required. A federal S corporation is automatically treated as a New Jersey S corporation, unless the corporation takes affirmative steps to opt out. The new legislation provides the following provisions for “opting out”...