IRS Child Tax Credit letters may have wrong information
The letters that the Internal Revenue Service has been sending to taxpayers about the amounts they received on advance payments of the...
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ELO CPAs & Advisors
- Oct 18, 2021
- 1 min
Social Security wage base to increase in 2022
The Social Security wage base will increase from $142,800 to $147,000 in 2022, higher than the $146,700 high-cost estimate and lower than...
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ELO CPAs & Advisors
- Oct 18, 2021
- 3 min
2022 Retirement Plan Contribution Limits
Contribution limits for 401(k)s, 403(b)s, 457(b)s, IRAs, Roth IRAs, HSAs, FSAs, SIMPLE IRAs, and SEP IRAs are all indexed to inflation....
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ELO CPAs & Advisors
- Jul 23, 2021
- 5 min
IRS warns of child tax credit scams
The Internal Revenue Service’s Criminal Investigation division is cautioning taxpayers and tax professionals to beware of scams related...
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ELO CPAs & Advisors
- Jul 19, 2021
- 1 min
American families begin receiving advance child tax credit payments
American families have started to receive monthly Child Tax Credit payments as direct deposits begin posting to bank accounts and checks...
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ELO CPAs & Advisors
- Jun 30, 2021
- 3 min
US Supreme Court leaves ACA in place, dismisses latest constitutional challenge on procedural ground
For the third time, the U.S. Supreme Court (Court) has maintained the status of the Affordable Care Act (ACA) as the law of the land.1...
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ELO CPAs & Advisors
- May 11, 2021
- 1 min
HSA Contribution Limits for 2022 Are Out
There are a handful of HSA limitations and requirements that you need to worry about, though. They're adjusted each year for inflation.
30 views
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- Oct 15, 2020
- 4 min
Stimulus package negotiations today: 'We need to get money to the American public now'
Negotiators are straining to make their own priorities for immediate aid dominate, with the Nov. 3 election a mere three weeks away.
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- Oct 15, 2020
- 4 min
What's the status of a second $1,200 stimulus check?
For months, millions of Americans grappling with the economic fallout of the coronavirus pandemic have been pinning their hopes on Congress.
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