What a Year: 2023 Inflation-Adjusted Tax Breaks
Inflation adjustments are bigger than usual in 2023: coming in at about 7% for more than 60 federal tax provisions, including personal tax deductions, capital gains thresholds, and estate taxes. As part of the changes, income tax brackets are being bumped up, producing the most savings for the highest-income taxpayers. Single filers will need to […]
The Latest in Tax-Saving Charitable Giving
If you’re feeling the urge to give more to charity this year, you’re not alone. In addition to it being the season for giving, Americans are considering increased donations this year due to recession fears. According to a study from Fidelity Charitable, nearly 75% of those surveyed said they worry about other community members, and […]
Employee Retention Credit Fraud: Don’t Get Lured In
The IRS is warning employers to be wary of third parties advising them to claim the Employee Retention Credit (ERC) when they may not qualify. “Businesses are encouraged to be cautious of advertised schemes and direct solicitations promising tax savings that are too good to be true,” states the IRS. “Taxpayers are always responsible for […]
Party City
You may not be aware of it, but Don Lasseter has helped you throw a party. How do we know that? He’s the franchise owner of six San Antonio-area Party City stores.