The Department of the Treasury outlined how the Inflation Reduction Act’s tax incentives will support the building of an equitable clean energy economy. In a fact sheet issued October 26, 2022, the Treasury Department highlighted four key areas the tax policy built on...
Beginning with their 2021 tax years, partnerships with “items of international tax relevance” must file Schedule K-2, Partners’ Distributive Share Items—International, and Schedule K-3, Partner’s Share of Income, Deductions, Credits, etc.—International....
The Internal Revenue Service is estimating the tax gap on tax years 2014-2016 to be $496 billion, an increase of more than $58 billion from the prior estimate. “The increase in the tax gap estimates reflects that the IRS needs to do more, both in improving...
For 2023, the Social Security wage cap will be $160,200, and social security and Supplemental Security Income (SSI) benefits will increase by 8.7 percent. These changes reflect cost-of-living adjustments to account for inflation. Wage Cap for Social Security Tax The...
The 2023 cost-of-living adjustments (COLAs) that affect pension plan dollar limitations and other retirement-related provisions have been released by the IRS. In general, many of the pension plan limitations will change for 2022 because the increase in the...
The IRS has released the annual inflation adjustments for 2023 for the income tax rate tables, plus more than 60 other tax provisions. The IRS makes these cost-of-living adjustments (COLAs) each year to reflect inflation. 2023 Income Tax Brackets For 2023, the highest...
Heckler & O’Keefe, CPAs, P.C. is now conveniently located within walking distance of the Katonah train station. Our proximity to the train station offers easy access to NYC and Westchester clients.
Our new address is:
Heckler & O’Keefe, CPAs, P.C.
200 Katonah Ave.
Suite 14A
Katonah, NY 10536
