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. ...
Old Law:Historically, in order for a federal S corporation to be recognized as an S corporation for New Jersey tax purposes, shareholders were required to make a separate New Jersey S corporation election. This requirement often took taxpayers by surprise, resulting in a continuous stream of requ...
Each year, California Gov. Gavin Newsom signs hundreds of laws passed by the state Legislature. Most take effect Jan. 1 the following year. But sometimes lawmakers will delay a law's effective date for a variety of reasons, including giving people more time to prepare for the new r...
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...
estate tax (federal) on income connected to a person who died foreign housing deduction gambling losses(only to the extent of gambling winnings) impairment-related work expenses of a disabled person interest on borrowed money that’s allocable to property held for investment ...
OCU Law School Offers Conference on New Federal Business Laws
to pay taxes outside of your home state if you have resided there for more than 6 months. State tax laws vary depending on the state. Some states, such as Florida, have no personal income tax. It is important to consult your tax advisor to understand the rules for your particular ...
Farmer leaders have demanded the government repeal the laws and retain mandatory government purchases, and said that buyers at private markets should pay the same tax as at state-run markets. Under the Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act, one of the new laws...
As you consider hiring a lawyer, you should look for those who actively seek out opportunities to learn about new developments in the field, such as changes to federal or state laws, or updates to court procedures. This dedication to staying current will ensure that your lawyer is always ...
Work with the award-winning New York City employment lawyers at The Boyd Law Group, PLLC as an employee or business facing legal issues.