The massive tax law passed at the end of the last year—the Protecting Americans from Tax Hikes (PATH) Act – retroactively preserved a number of expired tax breaks for individuals and businesses, making many of them permanent. But a handful of other tax provisions were extended only on a temporary basis. Now some of those tax provisions are up for renewal, but the lame-duck Congress doesn’t appear to be paying much attention. And when the new session of legislators convenes in

The IRS recently published the new contribution limits for various retirement plans for 2017. These limits are indexed to inflation, and as such sometimes they do not increase much year over year, and sometimes they don’t increase at all. This year for the third year in a row we saw virtually no increases contribution amounts, and the income limits increased for slightly as they did for 2016. IRAs The annual contribution limit for IRAs (both traditional and Roth) remains at

One of the new tax filing requirements for 2017 is that employers must adhere to an earlier W2 filing date than in years’ past. For 2017,all W2 and W3 (employer records) must be filed with the Social Security Administration by January 31.The previous deadline was the last day of February if the W2 and W3 forms are filed on paper; by the end of March if filed electronically.Many employers will be caught off-guard by the earlier W2 filing requirement. I wouldn’t think it would