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The SECURE Act 2.0 introduced several new retirement-related tax changes, one of them being an increased tax credit for small businesses that offer retirement plans. Starting with tax year 2023 ...
December 7, 2023 at 6:19 PM. The IRS is taking action against small businesses that improperly filed returns claiming a lucrative pandemic-era tax credit. The agency sent 20,000 correspondence ...
The Small Business Jobs Act of 2010 exempted taxes on capital gains for angel and venture capital investors on small business stock investments if held for 5 years. It was a temporary measure but was extended through 2011 by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 as a jobs stimulus.
The standard deduction for single filers will increase by $900 to $13,850 in 2023. For married couples filing jointly, it will increase by $1,800 to $27,700 in 2023. On the other side, Williams ...
The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [2] Pub. L. 115–97 (text) (PDF), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act ( TCJA ), [3] [4] that amended the Internal Revenue Code of 1986.
The NFIB supported the America's Small Business Tax Relief Act of 2014 (H.R. 4457; 113th Congress), a bill that would amend section 179 of the Internal Revenue Code, which mostly affects small- to medium-sized businesses, to retroactively and permanently extend from January 1, 2014, increased limitations on the amount of investment that can be ...
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