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In the News
Inflation Reduction Act – What it Means for Individual Taxpayers
The Inflation Reduction Act included a number of items for businesses, but what about individual taxpayers? Overall, the Inflation Reduction Act included a number of credit updates and other extensions that affect individuals.
CORPORATE & BUSINESS TAX UPDATES
- Corporate Alternative Minimum Tax
- New Excise Tax on Stock Repurchases
- Permanent Extension to Fund Black Lung Disability Trust Fund
- Increase Research Credit Against Payroll Tax for Small Business
- Reinstatement of Limitation Rules for Deduction for State and Local, etc., Taxes; Extension of Limitation on Excess Business Losses of Noncorporate Taxpayers
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