Posts filed under: IRS Updates

COVID Tax Relief for Certain 2019 and 2020 Returns

In their effort to help struggling taxpayers affected by the COVID-19 pandemic, the IRS issued Notice 2022-36, providing penalty relief to most people and businesses who file certain 2019 or 2020 returns late.... Read More

2023 HSA Contribution Limits Released by IRS

The IRS announced the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2023.... Read More

IRS Announces HSA Limits for 2022

The IRS released Revenue Procedure 2021-25 announcing the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2022.... Read More

IRS Announces 2022 Retirement Plan Contribution Limits

The IRS released Notice 2021-61 announcing cost-of-living adjustments affecting dollar limits for pension plans and other retirement-related items for tax year 2022.... Read More

IRS Announces 2022 Limits for Health FSAs and Transit Benefits

The IRS recently announced annual inflation adjustments for more than 50 tax provisions, including an increase in voluntary employee contributions to employer-sponsored healthcare flexible spending arrangements (HFSAs).... Read More

Guidance For Employers Claiming The Employee Retention Credit For First Two Quarters Of 2021

New guidance for employers claiming the Employee Retention Credit for the first and second quarters of 2021.... Read More

IRS Issues 2019 Optional Standard Mileage Rates

The Internal Revenue Service today issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.... Read More

IRS Released Draft of 2019 IRS Instructions for Form W-4

Prepare for payroll 2019 by reviewing a draft of 2019 IRS Instructions for Form W-4, Employee’s Withholding Allowance Certificate. There are significant changes.... Read More

IRS Announces 2018 Pension Plan Limitations

The IRS announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2018. ... Read More

IRS Announces HSA Limits for 2018

The IRS released Revenue Procedure 2017-37 announcing the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2018.... Read More