US Hikes Thresholds For Tax-Privileged Retirement Arrangements

The US Internal Revenue Service (IRS) has announced that the amount individuals can contribute to their 401(k) plans in 2022 has increased to USD20,500 (up from USD19,500 for 2021…
Read more→

Countries Discuss Post-Pandemic Tax Agenda At UN Council Meeting

Read more→

BVI Rules Out New Taxes In 2021 Budget

The Government of the British Virgin Islands has announced that it will seek to boost tax collections by modernizing tax administration, not by imposing new taxes.
Read more→

15 Self-Employment Tax Deductions

Working for yourself comes with the opportunity to claim a variety of tax write-offs.
Read more→

Wyden Takes Aim At US Pass-Through Income Tax Break

Senate Finance Committee Chair Ron Wyden (D-OR) has introduced legislation to overhaul the 20 percent deduction for pass-through income introduced into US tax law in 2017.
Read more→

Unemployed and already did your taxes? The IRS says you don’t need to file an amended tax return

If you received unemployment benefits in 2020 and you’ve already filed your tax returns, the Internal Revenue Service is saying you don’t have to file an amended return to claim the new tax waiver on up…
Read more→