2020 Inflation Adjustments for HSAs ReleasedThe IRS has released the 2020 inflation-adjusted amounts for health savings accounts (HSAs) under Code Sec. 223. For calendar year 2020, the annual limitation on deductions under Code Sec. 2...
IRS Unveils New Draft 2020 Form W-4The IRS on May 31 unveiled a new preliminary draft of the 2020 Form W-4, Employee’s Withholding Allowance Certificate. Although an earlier version of the Form W-4 had been released last June, Tr...
2019 Foreign Housing Expense Limitations ReleasedThe IRS has provided the adjustments to the limitation on foreign housing expenses for specific locations for tax year 2019. Generally, a qualified individual whose entire tax year is within the appli...
IRS Revises EIN Application ProcessAs part of its ongoing security review, the IRS is revising the application process for obtaining an employer identification number (EIN). Starting May 13, 2019, only individuals with social security ...
WI - Rate reductions enactedWisconsin has enacted legislation that will reduce the personal income tax rates of the first and second tax brackets, starting with the 2019 and 2020 tax years. The rate reductions will be calculated...
