Interest Rates Remain The Same For Q2

Feb 20, 2023 | Uncategorized

The IRS announced that interest rates will remain the same for the calendar quarter beginning April 1, 2023. For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily. Here is a complete list of the new rates: 7% for...

January 23, 2023 Is The Opening Date For Tax Season

Jan 16, 2023 | IRS, tax season

The IRS announced that January 23, 2023, will be the beginning of the nation’s 2023 tax season when the agency will begin accepting and processing 2022 tax year returns. More than 168 million individual tax returns are expected to be filed, with the vast...

Interest Rates Increase First Quarter of 2023

Dec 11, 2022 | Uncategorized

The Internal Revenue Service announced that interest rates will increase for the calendar quarter beginning January 1, 2023. For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, up from 6% for the quarter that began on...

401(k) Contribution Increases For 2023

Nov 3, 2022 | IRA

The 401(k) limit increases to $22,500 for 2023, and the IRA limit rises to $6,500 The IRS announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. The IRS today also issued technical...

Disaster Relief For Ian Victims In Carolinas

Oct 10, 2022 | disaster relief, IRS

October 17 Tax Deadline Hurricane Ian victims throughout both North Carolina and South Carolina now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today. This is...