Individual income taxation

Line items

Final regulations adopt ‘family-friendly’ health care affordability test ... IRS raises per diem standard rates for business travel ... AICPA again critiques new IRS requirements for R&D credits ... R&D credit claim transition period extended

Understand the tax consequences of remote work

CPAs can play crucial roles in helping navigate the evolving landscape as state tax authorities ramp up efforts to source additional revenue from out-of-state workers and the companies they work for.

Social Security wage base, COLA set for 2023

The Social Security Administration announced the maximum amount of wages subject to Social Security tax in 2023 and a cost-of-living adjustment (COLA) for Social Security benefits. The COLA is 8.7%.

Guidance on clean vehicle tax credit

The IRS explained the new requirement that a car’s or truck’s final assembly occurred in North America to qualify for the tax credit on the purchase of clean-running vehicles.

Where to find June’s flipbook issue

The Journal of Accountancy is now completely digital. 

 

 

 

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