Important Updates

2023

January 1: Maryland temporarily increased the refundable version of its EITC to 28 percent for tax years 2023 and beyond. Learn more.

2022

October 1: IRS raises per diem standard rates for business travel. Learn more.

September 29: Social Security Recipients Will Receive Large Increase in 2023. Learn more.

IRA Expands Valuable R & D Payroll Tax Credit. Learn more.

August 22: New $7,500 Electric Vehicle Tax Credit on electric vehicles assembled in North America. Learn more.

August 5: The Inflation Reduction Act Unleashes A Tougher, Armed IRS. Learn more.

July 1: IRS increases mileage rate for the remainder of 2022 to 62.5 cents per mile. Learn more.

March 15: SBA Announces Existing COVID-19 EIDL Program Borrowers to Receive an Additional Deferment

Feb. 18: The IRS is successfully processing tax returns and delivering refunds starting January 24.

Feb. 16: IRS provides details on relief for Schedule K-2 and K-3 reporting and new frequently asked questions (FAQs)

Feb. 14: IRS suspends more than a dozen automated notices, including collection issues. Visit IRS.gov for payment options.

Jan. 8: Tax filing deadline is April 18, 2022. Why the extension?