Blue Purl Accounting & Tax Services

Social Security Announces New Service Updates for Account Holders

Social Security Announces New Service Updates for Account Holders The Social Security Administration recently highlighted multiple service improvements like reduced average wait times and disability claims backlog.

https://www.theepochtimes.com/us/irs-provides-guidance-on-employer-matching-contributions-for-student-loan-repayments-5709287

IRS Provides Guidance on Employer-Matching Contributions for Student Loan Repayments Among older Americans, 2.2 million are estimated to have unpaid student debts, which threatens their retirement security.

IRS to Reject Billions of Dollars of Pandemic-Era Tax Credit Claims

IRS to Reject Billions of Dollars of Pandemic-Era Tax Credit Claims The agency is concerned about how many taxpayers ‘have been misled and deluded into thinking they’re eligible for a big payday,’ Commissioner Danny Werfel said.

Some Sunday evening humor!

IRS Warns Tax Refunds Will Be Much Lower This Year

IRS Warns Tax Refunds Will Be Much Lower This Year Inflation-hit Americans who filed their taxes early have received, on average, smaller tax refunds this year.

IRS Official Warns Americans of Coming Notices

IRS Official Warns Americans of Coming Notices An IRS official warned that people should take heed of notices sent out after a two-year pause.

“Americans who owe back taxes will be given an incentive to pay up after the Internal Revenue Service said Tuesday it would waive nearly $1 billion in late-payment penalties.”

IRS Zaps Nearly $1 Billion in Penalties for Taxpayers Americans who owe back taxes should expect to hear from the federal agency soon.

IRS Raises 2024 Employee FSA Contribution Limit to $3,200

IRS Raises 2024 Employee FSA Contribution Limit to $3,200 FSAs can be used to meet medical expenses like prescription medications and dental care that may not be covered under health plans.

https://www.fidelity.com/learning-center/personal-finance/retirement/nine-reasons-roth

9 Roth IRA benefits | Fidelity Roth IRAs offer many advantages. Here are 9 benefits to consider before opening a Roth IRA.

IRS Puts Immediate Stop to New ERC Claims

New Jersey Residents…re: ANCHOR Payments

https://www.state.nj.us/treasury/news/2023/08152023.shtml?fbclid=IwAR1fSucVX8Qj0uva6XnY-HO-uUpnI2S7GljBsQfV5ndcbgf8_1un6Ci6LPg_aem_AS2eS1wxCAV_C88HjZcMAMyFdaS4eaQ-JlclHSEzc3MTMHqKOcY3vvbPAWFJByOOShs

Department of the Treasury The state of New Jersey's official Department of the Treasury Web site is the gateway to NJ Treasury information and services for residents, visitors, and businesses.

High-Earning Retirement Savers Are Losing Some of Their 401(k) Tax Break

High-Earning Retirement Savers Are Losing Some of Their 401(k) Tax Break Catch-up contributions will have to be done after taxes for those who make more than $145,000.