With the fall college semester approaching, the Internal Revenue Service reminded employers and employees that under federal law, employers who have educational assistance programs can use them to help pay student loans for their employees. As part of a wider effort...
Taxes
Prepare for the TCJA Sunset — If You Can
The Tax Cuts and Jobs Act (TCJA) largely winds down at the end of 2025. Maybe. Many of its provisions are political, so much depends on who's in the White House and who has control of the House and Senate at that time. Before you start planning, glean some...
New school year reminder to educators; maximum educator expense deduction is $300 in 2023
As the new school year begins, the Internal Revenue Service reminds teachers and other educators of the maximum educator expense deduction of $300 for out-of-pocket classroom expenses for 2023 when they file their federal income tax return next year. This is the same...