2025 Retirement Plan Increases
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IRS Releases Modifications to 2025 Retirement Plan Limits
Certain retirement items have increased for 2025 and SECURE 2.0 has given those aged 60-63 more options for additional savings.?
IRS Targets Pass-Through Entities
A new dedicated IRS unit has been formed to conduct more efficient and accurate audits on pass-through entities of all forms, including sole proprietorships, partnerships, limited liability companies, and S-corporations.?
Hurricane Helene Relief for Taxpayers at the State and Local Level
Several states have announced extensions for certain tax returns and payments in the wake of Hurricane Helene and Hurricane Milton.?
2025 Inflation-Adjusted Tax Brackets
Inflation won’t have quite the same impact on tax bracket limits in 2025 as it did in 2024 or 2023 but will still cause a 2.8 percent increase. Start planning for the 2025 filing season according to the adjusted tax bracket thresholds.?
Upcoming Events: UHY Executive Briefing Webinar; Annual Tax Update
December 11, 2024 9:00AM-11:00AM ET?
Hear from leaders of our Tax Practice on the potential impact of the 2024 presidential election on tax planning for 2025 and going forward. Expiring provisions from the 2017 Tax Cuts & Jobs Act are a critical issue and our professionals will update you on the looming changes while sharing the best tax planning strategies and identifying deductions you may be unaware of.
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