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HMO Assessment Rate Increased: What You Need to Know...
Effective June 28, 2024, a significant change has been enacted through L. 2024, A4705 (c. 21), which increases the annual assessment rate for Health Maintenance Organizations (HMOs). This new... Read More > -
Understanding the IRS Guidance on Tax Treatment of...
The IRS guidance provides clarity on the tax treatment of rebates for energy-efficient property and improvements, offering valuable insights for taxpayers navigating these incentives. By... Read More > -
2025 HSA and Excepted Benefits Inflation-Adjusted Limits...
Staying informed about these changes can help you maximize the benefits of your HSA and make more informed decisions about your healthcare coverage. If you have any questions or need further... Read More > -
New York Updates Guidance on Pass-Through Entity Tax...
To claim the PTET credit, eligible claimants must file an individual personal income tax return and attach Form IT-653 (Pass-Through Entity Tax Credit). The PTET credit cannot be claimed on Form... Read More > -
New Jersey Updates Personal Income Tax Sourcing and...
New Jersey's updated personal income tax sourcing and allocation rules introduce significant changes that align with corporate tax methodologies. Businesses operating across state lines need to... Read More > -
Taxpayers Now Qualify for Home Energy Credits...
Taxpayers can benefit from home energy credits for making energy-efficient upgrades, as outlined in IRS announcement (IR 2024-137). Eligible improvements, such as exterior doors and insulation, can... Read More > -
Updated Guidance on Sales of New Jersey Real Estate...
Technical Bulletin No. TB-57(R) outlines new requirements for real estate transactions in New Jersey, effective January 30, 2024. Nonresidents selling property must withhold either 10.75% of the net... Read More > -
What New Jersey Taxpayers Need to Know About Partnership...
Staying informed about updates in tax regulations is vital for taxpayers to fulfill their obligations accurately. The recent update from the New Jersey Division of Taxation regarding the reporting of... Read More > -
Maximizing Tax Benefits: The New Affordable Housing...
Lawmakers have introduced a significant change to the tax code, effective for tax years beginning on or after January 1, 2025. This legislation allows taxpayers to elect a 10-year depreciation period... Read More >