As is usual this time of the year the IRS under Revenue Procedure 2024-40 using IR-2024-273 advises the tax practitioner community and taxpayers of the upcoming 2025 inflation increases to such items as tax rate brackets, and Standard Deductions and applicable phase out ranges for each, IRC Sec 911 Foreign Earned Income Exclusion now set […]
As is usual this time of the year the IRS advises the tax practitioner community and taxpayers of the upcoming 2025 H.S.A. Contribution limits for the upcoming 2025 (done in 2026) tax year for an individual with self-only coverage will be $4,300, and for an individual with family coverage, the maximum contribution will be $8,550. […]
