10/30/2025
Tax benefits of being philanthropic: How to Give Strategically!
Join our webinar on November 5th at 5 pm EST.
Speakers: Harini Rajesh, CPA, and Amanda Coccia, Financial Advisor
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01/09/2023
As many high-income earners noticed that state taxes deduction is now limited to $10,000, and entire taxes paid is no longer deductible on the federal level since the major tax reform in the 2017 tax cut and jobs act.
As of 2022 - 29 states have enacted PTE tax deductions as a workaround. Under this regime, the PTE pays its owners' state taxes and takes a deduction equal to the tax paid.
Make sure to take advantage of this deduction.
01/04/2023
The 2023 IRS mileage rates are:
1. 65.5 cents per mile for business purposes
2. 22 cents per mile for medical and moving purposes
3. 14 cents per mile for charitable purposes - this remained unchanged.