- Inflation Reduces Income Tax
- As the country emerges from the COVID pandemic and supply chain issues, along with the fallout from the war in Ukraine, the country has been experiencing high inflation rates that negatively impact the cost of everyday living, including food, gas for your vehicle, utilities and more.
- 2023 Social Security Cost-Of-Living Increase Highest In 40 Years
- The Social Security Administration recently announced that Social Security beneficiaries will get an 8.7% increase to their benefits in 2023. Thanks to the current high inflation this is the highest increase in 40 years, and the second year in a row that there’s been a substantial increase, 5.9% in 2022 and now 8.7% for 2023. The table below reflects the COLA benefits going back to 1976. As you will note, the COLA increases have been relatively stable in recent years except for 2008.
- Video Tips: The IRS Warns Taxpayers of Increasing IRS Scams
- The Internal Revenue Service warned taxpayers of a recent increase in IRS-themed texting scams aimed at stealing personal and financial information.
- Use QuickBooks Online Effectively: 7 Best Practices
- Here are seven ways you can be safe, compliant, and productive when you’re using QuickBooks Online.
- Are You Missing Out on the Increased Child Tax Credit?
- The American Rescue Plan Act of 2021, also referred to as the COVID-19 Stimulus Package or ARPA, was a $1.9 trillion bill passed by Congress to stimulate the U.S. economy as the country emerges from the pandemic.
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