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IRS Announces Tax Inflation Adjustments for 2023
The IRS recently published the inflation adjustments for many tax-related figures for tax year 2023. These changes include:
Standard Deduction: The 2023 standard deduction for married taxpayers filing jointly will be $27,700, an increase of …
New Wave of Tax-related Text Scams Warning
The IRS recently issued a warning about a dramatic increase in the number of tax-related texting scams (also called “smishing”) occurring across the U.S. The scammers typically send a text message that appears to be …
Upcoming Tax Deadlines
Employees Who Work for Tips – If you received $20 or more in tips during October, you must report them to your employer (employees are required to keep a daily record of tips). All tips …