Why 2024 Tax Planning Is So Murky. November 1, 2024 • Eric L. Reiner . With the provisions of the 2017 Tax Cuts and Jobs Act slated to sunset at the end of next year, tax planning today looks ...

For 2024, reporting on Form 1099-K is required if the taxpayer receives $5,000 or more. Under current law, this is still scheduled to phase down to $600, although proposals have been made in Congress ...

Estate and Gift Tax Planning If you’re considering transferring wealth to your heirs, take advantage of the annual gift tax exclusion. In 2024, you can gift up to $18,000 per person without ...

As 2024 closes, taxpayers are looking to the next year—only, the 2025 tax year is likely to be anything but typical. There’s a new administration, a new Congress—and some of Trump’s 2017 ...

Amid this uncertain prospect, taxpayers will be looking to their CPA tax advisers for guidance on how to plan for the cap’s sunset or possible extension, with an eye toward maximizing their deductions ...

The IRS adjusted tax brackets higher by 2.8% for the 2025 tax year. This is the smallest inflation adjustment in at least ...

But if you plan to deduct donations on your 2024 tax return, these must be made by Dec. 31, 2024, and now is the time to take stock. ... As for tax planning, ...

Here’s a selection of key numbers to help with tax planning for 2025 and tax prep for 2024, plus useful references. Some of these might change depending on what Congress does later this year.

Part four There is a growing global trend towards principled tax practice, tax transparency and information disclosures, and ...

Part two The latest feedback from my query to the Professional Regulatory Board of Accountancy Chairman Noe Quinanola was that the BOA has favorably endorsed to the Professional Regulatory Commission ...