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2023 Welfare Benefit Plan Contribution Limits

The IRS recently released in Revenue Procedure 2022-38 the 2023 annual contribution limits for... more
November 4, 2022
Blog

2023 Dollar Limits on Compensation and Benefits Announced

The Internal Revenue Service has announced the 2023 cost-of-living adjustments for various limits... more
October 24, 2022
Blog

President Announces Student Loan Debt Relief

President Biden recently announced additional student loan debt relief. The additional relief... more
September 26, 2022
Blog

From an Individual Perspective: What’s Not in the 2022 Inflation Reduction Act

On August 17th President Biden signed into law the $739B Inflation Reduction Act. With many... more
August 29, 2022
Blog

Virginia Jumps on the SALT Workaround Bandwagon

Virginia has enacted legislation (Senate Bill 692) to implement an elective pass through entity... more
April 14, 2022
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Notice and Reporting Deadlines Approaching for Incentive Stock Option and Employee Stock Purchase Plans

Under Section 6039 of the Code, corporations are required to furnish statements to current and... more
January 14, 2022
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Massachusetts Moves Quickly to Implement Pass-through Entity Tax for 2021

Massachusetts is the most recent state to adopt an elective pass-through entity (PTE) tax. Despite... more
December 6, 2021
Blog

Maryland Pass-Through Entities Making Entity-Level Election

At the end of June, the Comptroller of Maryland finally released its revised income tax forms to... more
August 4, 2021
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Is the SALT Cap Coming to an End?

The Tax Cuts and Jobs Act (TCJA) was one of the largest pieces of tax legislation passed within the... more
May 5, 2021
Blog

IRS Confirms 2020 IRA and HSA Contribution Deadlines Extended to May 17, 2021

On March 17, 2021, the IRS extended the filing due date for individual tax returns to May 17, 2021.... more
March 31, 2021
Blog

American Rescue Plan Act of 2021

On March 11, 2021, Congress signed into law the American Rescue Plan Act of 2021, the latest... more
Blog

Increase in Dependent Care FSA Limit for 2021

Under the recently signed American Rescue Plan Act of 2021 (ARPA), the dependent care flexible... more
March 12, 2021