For 2018, the standard deduction amounts will increase from: $6,500 for individuals, $9,550 for HOH, and $13,000 for married couples filing jointly - to $12,000 for individuals, $18,000 for HOH, and $24,000 for married couples filing jointly.
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The IRS has just issued guidance extending the deadline to distribute 2017 Forms 1095-B/C from January 31, 2018 to March 2, 2018.
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The GOP tax bill was passed by the House and Senate, both chambers voting along party lines, and went to the President for signature on December 20.
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The Department of Labor (DOL) published a rule delaying the effective date of regulations (Final Rule) amending claims procedures for ERISA benefit plans that provide disability benefits.
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The IRS will be sending enforcement notices by December 2017 to applicable large employers (ALEs) on what they owe for penalties under the Affordable Care Act’s (ACA) employer shared responsibility mandate for 2015 tax year filings.
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