Newsletter January 1,2022 > Newsletter January 1, 2022

Higher Contribution Limits Will Apply for FSAs and HSAs in 2022

January 1, 2022

Many taxpayers will be able to contribute more money to workplace cafeteria plans and other tax-advantaged accounts in 2022. Accounts that will have higher contribution limits in 2022 include medical flexible spending arrangements (FSAs) and …

IRS Announces Standard Mileage Rates for 2022

January 1, 2022

The IRS has released the 2022 standard mileage rates for vehicle uses that qualify for a tax deduction. These rates apply for most passenger vehicles, including cars, vans, SUVs and pickup trucks. Here are the …

Upcoming Tax Deadlines

January 1, 2022

January Day 10 Employees Who Work for Tips – If you received $20 or more in tips during December, you must report them to your employer (employees are required to keep a daily record of tips). All tips …