Blog
2023 Welfare Benefit Plan Contribution Limits
The IRS recently released in Revenue Procedure 2022-38 the 2023 annual contribution limits for... more
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2023 Dollar Limits on Compensation and Benefits Announced
The Internal Revenue Service has announced the 2023 cost-of-living adjustments for various limits... more
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President Announces Student Loan Debt Relief
President Biden recently announced additional student loan debt relief. The additional relief... more
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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
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Virginia Jumps on the SALT Workaround Bandwagon
Virginia has enacted legislation (Senate Bill 692) to implement an elective pass through entity... more
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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
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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
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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
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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
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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
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American Rescue Plan Act of 2021
On March 11, 2021, Congress signed into law the American Rescue Plan Act of 2021, the latest... more
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Increase in Dependent Care FSA Limit for 2021
Under the recently signed American Rescue Plan Act of 2021 (ARPA), the dependent care flexible... more