Lisa Greene-Lewis:Last tax season, what we saw, Covid relief went away. That was the first time that a lot of the Covid relief went away. So people did report that they may have seen lower refunds if they were eligible for that Covid relief. So for instance, child tax credit, chil...
The agencyadjustedmany of its 2023 tax rules to help taxpayers avoid "bracket creep." That's when workers get pushed into higher tax brackets due to the impact of cost-of-living adjustments to offset inflation, despite their standard of living not having changed. On average, the IRS pushed ...
The IRS' Exempt Organizations and Government Entities division has published three new Technical Guides — comprehensive, issue‐specific documents that update and combine the IRS.gov Audit Technique Guides with other technical content.John Wiley & Sons, Ltd.Board And Administrator for Administrators ...
And then we also have our Intuit Assist, and that's our own AI and it actually does real-time checks of your tax return. And it can also translate our product fully in Spanish. Tracy Byrnes:Lots of new stuff this year. Lisa Greene-Lewis, TurboTax expert and CPA, thank you for breaki...
In a major move, it extended its preferential purchase tax policy for NEVs to the end of 2027 in June 2023. Local governments also implemented specific incentive measures at the end of last year to stimulate consumption. The city of Suzhou in east China's Jiangsu Province, for example, ...
Time-and-a-half pay on Sundays and holidays will be eliminated completely in 2023 after years of being phased out. MILLIONAIRE'S TAX On Jan. 1, a new law kicks in that will increase taxes on those earning more than $1 million a year. ...
Receipt model now supports TaxDetails extraction. Layout model now improves table recognition. Read model now adds improvement for single-digit character recognition.February 2023Select Document Intelligence containers for v3.0 are now available for use! Currently Read v3.0 and Layout v3.0 containers are...
BEIJING, September 26 (TMTPOST)— China finalized a highly-anticipated tax break for electric vehicles, a new boost for its auto industry. Source: Visual China Authorities will not levy purchase tax on consumers who buy any new energy vehicles (NEVs) from January 1, to December 31, 2023, ...
Malaysia’s transfer pricing regulations are in line with the OECD Transfer Pricing Guidelines, and therefore also adopt the arm’s length principle, as stated in Subsection 140A(2) of the Income Tax Act (ITA). The arm’s length principle is the principle whereby the price for a transaction...
The 2023 401(k) Catch-Up Contribution Limit Workers age 50 and older are eligible to makecatch-up contributionsto 401(k) plans. The catch-up contribution limit will be $7,500 in 2023, up from $6,500 in 2022. Older workers can defer paying income tax on as much as $30,000 in a ...