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Tax Strategy: 2024 year-end tax planning

Accounting Today

2024 has so far not produced significant tax legislation impacting year-end tax planning, but it continues to be impacted by legislation from prior years,

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Tax inflation adjustments expected to shrink

Accounting Today

Bloomberg Tax & Accounting projects that inflation-adjusted amounts in the Tax Code will increase 2.8% in 2025 — roughly half the increase in 2024 and down from 7.1% in 2023.

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States cut taxes in 2024

Accounting Today

Fifteen states are reducing either individual or corporate income taxes this year, with some states trimming both individual and corporate taxes, among 34 states starting the year with significant tax changes.

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Tax and the 2024 election: What's in the balance

Accounting Today

The future of the Tax Cuts and Jobs Act and other tax issues are on the ballot.

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Inflation expected to drive up tax bracket limits in 2024

Accounting Today

Inflation-adjusted amounts in the Tax Code are predicted to increase 5.4% in 2024, according to a new report from Bloomberg Tax.

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Tax Strategy: Tax assistance for natural disasters

Accounting Today

So far, around 150 federal disaster declarations have already been announced for 2024, involving 44 states, two territories, and half a dozen Native American tribes or bands.

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Tax season 2024: The final numbers

Accounting Today

The number of individual income tax returns received rose by 16.34% in the final week of tax season.

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