The Internal Revenue Service

Expanded tax benefits help individuals and businesses give to charity during 2020

December 22, 2020
The FINANCIAL --  The Internal Revenue Service explained how expanded tax benefits can help both individuals and businesses give to charity before the end of this year. As IRS notes, The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted last spring, includes four temporary tax changes that are designed to help people and businesses who give to charity this year.

IRS released tax inflation adjustments for 2021

The FINANCIAL — The Internal Revenue Service announced the tax year 2021 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2020-45 PDF provides details about these annual adjustments. Highlights of changes in Revenue
October 27, 2020
2 mins read

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