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2022 Inflation-Adjusted Amounts for HSAs and Excepted Benefit HRAs

June 4, 2021

In a Revenue Procedure, the IRS has provided: a) the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs); and b)…

PPE Costs Qualify for Medical Deduction

May 4, 2021

The IRS recently announced that amounts paid for personal protective equipment, such as masks, hand sanitizer, and sanitizing wipes, for…

Make the most of the Employee Retention Credit

April 2, 2021

The Employee Retention Credit (ERC), which was created to encourage employers to keep their workforces intact during the COVID-19 pandemic,…

How to verify your identity using IRS’s Identity Verification Service

June 4, 2021

On a webpage, the IRS has discussed its Identity Verification Service, used to verify the identity of taxpayers when the…

Home Sales: How to Determine Your “Basis”

May 4, 2021

The housing market in many parts of the country is strong this spring. If you’re buying or selling a home,…

IRS Reminds Taxpayers of Recent Changes to Retirement Plans

April 2, 2021

The IRS reminded taxpayers recently on March 16, 2021, about the rules for required minimum distributions (RMDs) from retirement accounts. A…