IRS Extends Filings Due Date For Florida Victims
2022-10-02 16:20 IRS: Hurricane Ian victims in Florida qualify for tax relief; Oct. 17 deadline, other dates extended to Feb. 15   WASHINGTON — Hurricane Ian victims throughout Florida now have until Feb. 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Reve...
Alternative Options For Visually Impaired Taxpayers
2022-09-18 22:15 IRS expands services for visually impaired taxpayers The IRS is improving the accessibility of its forms, publications and correspondence to blind and visually disabled taxpayers as a result of the settlement in a lawsuit brought by the National Federation of the Blind. The settlement, which was rea...
IRS Grants Automatic Late Filing Penalty Relief For Tax Years 2019 & 2020
2022-08-28 23:15 Background During the height of the pandemic, taxpayers experienced many obstacles to the timely filing of their 2019 and 2020 tax returns. Some taxpayers were affected by office closures throughout the country. Others had difficulty gathering or providing documents for accurate filings, were incap...
California Minimum Wage Increase Beginning Jan 1st, 2023
2022-08-28 23:10 The California Department of Finance has announced the new minimum wage will increase to $15.50 per hour for all employees effective January 1, 2023.   The Details: Under California law, once the minimum wage reached $15.00 per hour, the Director of Finance on or before August 1 each year, must d...
Say Goodbye To The US Chip Shortage
2022-08-11 11:00 President Joe Biden on August 9 signed the CHIPS and Science Act of 2022 (H.R. 4346), a semiconductor manufacturing and economic competitiveness package that includes an investment tax credit for semiconductor manufacturing facilities and equipment.   “The future is going to be made in America,” B...
Increase To Educator Deductions
2022-08-11 10:40 New school year reminder to educators; maximum educator expense deduction rises to $300 in 2022 WASHINGTON – As the new school year begins, the Internal Revenue Service reminds teachers and other educators that they’ll be able to deduct up to $300 of out-of-pocket classroom expenses for 2022 when t...
Website News: Mortgage Rates Drop Below 5%, A Sign Of What's To Come?
2022-08-09 21:10 Mortgage rates drop below 5% for first time since April Mortgage rates dropped to their lowest level since April, offering a reprieve to prospective home buyers who have been hit this year with higher rates and surging prices. The average rate on a 30-year fixed-rate mortgage is 4.99% this week, dow...