Questioning whether the Corporate Transparency Act is dead, giving at the office, year-end tax strategies, tax deadlines and more.
The article by Kelly Phillips Erb on Forbes discusses several key tax-related updates and news items. It highlights the IRS's announcement of a new tax bracket for 2025, adjustments to the standard deduction, and changes in tax credits and deductions. Additionally, it covers the extension of certain tax provisions from the Tax Cuts and Jobs Act (TCJA), the potential impact of the upcoming election on tax policy, and recent IRS guidance on cryptocurrency taxation. The article also touches on state-specific tax changes, including new tax incentives for businesses in various states and the ongoing debate over the SALT (State and Local Tax) deduction cap. Lastly, it mentions the IRS's efforts to improve taxpayer services, including new online tools and increased funding for enforcement and customer support.
Health & Fitness
