As students and teachers get ready to head back to the classroom for a new school year, the IRS wants to remind teachers and educators that they can deduct up to $300 in out-of-pocket classroom expenses for 2024 when they file their tax returns in 2025. This is the same limit as 2023, continuing the adjustment for inflation that started in 2022 (when the limit was increased from $250).
By KLATZKIN TAX TEAM
The State of New Jersey’s Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) property tax relief program will officially open for 2024 in August. Beginning August 19, the state’s Treasury Department will start sending notification letters to 1.5 million New Jersey taxpayers…
IRS compliance teams are stepping up work on analyzing and processing Employee Retention Credit (ERC) claims and have issued five new warning signs of incorrect claims that are being commonly seen. These five new problem areas are in addition to the seven warning signs previously released.
IRS compliance teams are stepping up work on analyzing and processing Employee Retention Credit (ERC) claims and have issued five new warning signs of incorrect claims that are being commonly seen. These five new problem areas are in addition to the seven warning signs previously released.
