makes updates to common tax provisions and procedures for various reasons. One annual change is to ensure that certain parts of the tax code keep up with inflation. And, aside from new laws, there are other adjustments and tax process changes to be aware of as you consider your taxes this...
Massachusetts families filing their taxes this spring will be able to take advantage of an expanded child and family tax from the tax cut package Healey signed into law in 2023. For tax year 2024 and going forward on a permanent basis, the credit per dependent child, disabled adult or senior...
The revised Illinois windshield rule is one of hundreds of new laws taking effect with the new year in states across the U.S. While some may seem a bit pedestrian, others have real practical effects or touch on controversial issues such as restrictions on weapons and medical treatments for tr...
Good news: many 2024 tax deductions are larger or more accessible than they were in the 2023 tax year. Changes to tax laws have been enacted that may save you more on your taxes. Learn about updated tax deductions available to taxpayers and whether you may be eligible for ...
Starting January 1, 2024, employers with 50 or more employees are required to offer pre-tax commuter benefits for public transit passes. This pre-tax benefit allows employees to have the monthly cost of their commute deducted from their pay before taxes, resulting in increased take-home pay. ...
Ghana’s Parliament has enacted several laws affecting the taxation of individuals and businesses, effective 3 April 2023; in part, the law changes increase the duty on certain excisable products, revise individual income tax rates, introduce withholding
New tax laws: estate and gift taxes.
tax relief, kind of. First off, if you have homesteaded you house, then this doesn't even apply to you. What this does is limit the amount of property taxes that can be put on the assigned value of your home. This is good, but you really shouldhomestead your housefor extra ...
The California Legislature passes thousands of bills every year. We don’t really need more laws – at all. However,here are some of the new lawsthe 40 million California residents will be facing in 2024. The California Legislative Women’s Caucus & Future of Abortion Council introduced alengt...
For retirees, one of the most immediate changes is the receipt of retroactive payments. If your pension or social security benefit was reduced under previous laws, you may now receive back pay dating as far back as January 2024. These lump-sum payments restore withheld funds and ensure future...