Possible Expiration of Key TCJA Provisions Could Affect Individual Taxpayers
The Tax Cuts and Jobs Act (TCJA) made sweeping changes to the federal tax rules for individual...
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Tax Updates
Which TCJA Changes for Individuals Are Permanent under Current Tax Law?
The landmark Tax Cuts and Jobs Act (TCJA)was passed in late 2017, but the law is still in the...
Business Owners: Expiration Date Is Approaching for Certain TCJA Provisions
The Tax Cuts and Jobs Act (TCJA) included many important federal income tax provisions that affect...
IRS Issues New Final Regs on RMDs
The IRS has just released final regulations on required minimum distributions (RMDs) from qualified...
New Ohio Employer Withholding Rates Effective July 1, 2024
The Ohio Department of Taxation has issued new employer withholding tables for payrolls that end on...
Personal Use of Corporate Jets: Flying Below the IRS’s Radar
The IRS has announced a new audit initiativetargeting the personal use of business aircraft. Some...
Ohio Expands Sales Tax Holiday
This year, Ohio is expanding its sales tax holiday from 12:00 a.m. Tuesday, July 30, through 11:59...
Court Rules Corporate Reporting Law is Unconstitutional but Requirements Remain
Under the Corporate Transparency Act (CTA), many businesses had to begin complying with new...
SECURE 2.0 Changes that Become Effective in 2024
The SECURE 2.0 Act, enacted late in 2022, creates new tax-saving opportunities for retirement...
Important Tax Figures for 2024
The following chart provides some important federal tax information for 2024, as compared with 2023: