Here’s what businesses need to know about the enhanced business meal deduction The IRS encourages businesses to begin planning now to take advantage of tax benefits available to them when they file their 2022 federal income tax return. This includes the enhanced business meal deduction. For
Read more →Next year taxpayers can put an extra $1,000 into their 401(k) plans. The IRS recently announced that the 2022 contribution limit for 401(k) plans will increase to $20,500. The agency also announced cost‑of‑living adjustments that may affect pension plan and other retirement-related savings next year. Highlights of
Read more →WASHINGTON – The Internal Revenue Service reminded taxpayers of a special new provision that will allow more people to easily deduct up to $300 in donations to qualifying charities this year. Following special tax law changes made earlier this year, cash donations of up to $300 made
Read more →If you happen to see an additional small deposit into your account from the IRS, here is why: Many individual taxpayers whose 2019 tax returns show refunds will receive interest from the IRS. The regular April 15 due date for filing returns and paying income taxes was
Read more →The Tarrant County Small Business Grant Program is providing financial assistance to small businesses in Tarrant County that have been adversely affected by the current COVID-19 pandemic. $30 million in CARES Act funds have been allocated to the program by the Tarrant County Commissioners Court. The grant
Read more →