IRS Announces HSA Limits for 2024
In the recently released Rev. Proc. 2023-23, the IRS has made annual inflation adjustments to health savings accounts: The HSA catchup contribution limit for those
What To Know About the Plug-In Electric Drive Vehicle Credit
In August, the IRS posted new guidance for current and future owners of electric vehicles, outlining the tax benefits available. If you are interested in claiming the
Annual Tax Adjustments for 2023
The Internal Revenue Service has released the tax year 2023 annual inflation adjustments for dozens of tax provisions, including the tax rate schedules and other
401(k) and IRA Limits Rise for 2023
The IRS has announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. This
What To Expect From Your 401(k) Audit
What To Expect From Your 401(k) Audit If you offer a 401(k) plan to your employees, the first thing you must figure out is whether
IRS Makes Rare Midyear Mileage Rate Adjustment
The IRS has announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard
What’s the Deal with Health Savings Accounts?
Health savings accounts are paired with high-deductible health plans for an especially adaptable insurance and savings program. HDHPs have large deductibles that members must meet
Cutting Costs During Inflationary Times
The inflationary cycle we are now in is causing anxiety for many consumers. Coming on the heels of the disruptions caused by the COVID-19 pandemic
The Inflation Reduction Act: What Does It Contain?
On August 12, Congress passed the Inflation Reduction Act, over 700 pages of economic changes. What does the act do? And just as important, what
