Prescott LIVING Magazine
No Result
View All Result
Prescott LIVING Magazine - Click for Current Issue
  • Inside
    • Voices
    • Special Sections
      • 40 Under 40
      • Annual Photo Contest
        • People’s Choice Photo Winners
      • Best of Greater Prescott
      • Everyone Can Be a Hero
      • Holiday
      • Medical, Health & Wellness
      • Men of Vision
      • New Year, New You
      • Relocation
      • Wealth Management
      • Weddings & Events
      • Women in Leadership
    • Up Front
      • City Speak
    • BIZ
    • YOU
      • Out & About
      • Beauty & Style
      • Health, Happiness & Education
      • Education
      • Pets
      • Home
        • Home & Garden
    • FUN
      • Arts & Culture
      • Outdoor Adventure
      • Restaurants
        • Pizza
      • Travel & Tourism
    • The ROX Interview
    • Prescott Pioneer Local News
    • Q & A
  • Current Issue
  • Community Calendar
  • Past Issues
  • Subscribe
    • eNewsletter & Digital Edition Subscription
  • Inside
    • Voices
    • Special Sections
      • 40 Under 40
      • Annual Photo Contest
        • People’s Choice Photo Winners
      • Best of Greater Prescott
      • Everyone Can Be a Hero
      • Holiday
      • Medical, Health & Wellness
      • Men of Vision
      • New Year, New You
      • Relocation
      • Wealth Management
      • Weddings & Events
      • Women in Leadership
    • Up Front
      • City Speak
    • BIZ
    • YOU
      • Out & About
      • Beauty & Style
      • Health, Happiness & Education
      • Education
      • Pets
      • Home
        • Home & Garden
    • FUN
      • Arts & Culture
      • Outdoor Adventure
      • Restaurants
        • Pizza
      • Travel & Tourism
    • The ROX Interview
    • Prescott Pioneer Local News
    • Q & A
  • Current Issue
  • Community Calendar
  • Past Issues
  • Subscribe
    • eNewsletter & Digital Edition Subscription
No Result
View All Result
Prescott LIVING Magazine
Prescott LIVING Magazine - Click for Current Issue
Home BIZ

Keeping up with the Latest Tax Law

December 9, 2021
325
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

by Brenda Hershkowitz, EA, President & CEO, Premiere Tax & Accounting
The COVID-19 pandemic has forced tax laws that were never a thought to be enacted since 2020.
One example is the CARES Act. It not only enacted changes for individuals, but also included business related provisions. The changes for businesses, include net operating loss deductions, excess business loss limitations and Section 163(j) interest deduction limits.
Below are just a few items put in place by the CARES Act:
For individuals with IRAs, the CARES Act temporarily waived the RMD (required minimum distribution) rules for certain contribution plans and IRAs for the 2020 calendar year. This waiver is no longer in force for 2021, so RMDs must be taken in 2021.
Charitable contributions have also been adjusted under the CARES Act. Under the act, the modified gross income limitation on itemized deductions for charitable contributions was increased from 60% to 100% for 2020 and 2021 if made to churches, universities, hospitals or other public charities. Contributions to organizations, private foundations or donor advised funds are excluded.
Since taking office in January, the Biden administration is working on several new tax law changes. Tax legislation with significant provisions affecting high-income individuals could potentially be enacted by the end of 2021. You will want to rely on tax professionals to help you navigate these changes to make sure that you have the best strategies to build your wealth.
Premiere Tax and Accounting Services is a full-service firm working with businesses and individual clients. Our knowledgeable team has more than 35 years combined experience.
 

Previous Post

Financial To-Dos for Year-Round Healthy Wealth

Next Post

Consider these gifts for your Teen

Next Post

Consider these gifts for your Teen

Join our Newsletter

Prescott LIVING eNewsletter Subscription

No Result
View All Result
Cover for Prescott Living Magazine
11,580
Prescott Living Magazine

Prescott Living Magazine

Come & enjoy the local scene in Prescott Arizona!

Prescott Living Magazine

21 hours ago

Prescott Living Magazine
Prescott's 4th Friday Art Walk takes place tonight! A great place to start is Suze's Prescott Center for the Arts which is having a special event as part of their Open House. Art Walk events start at 5:00 p.m. at galleries and venues all around the downtown. Visit the Art Walk website for the list of participating venues.www.artthe4th.comWe are so excited for tonight! Join us from 4pm - 7pm as we celebrate our Largest Prescott's 4th Friday Art Walk yet! We have a brand new exhibit in our Studio Gallery: Moments in Time: Exploring the Magic of Still Life, new artists in our Artist Lounge and Pop-Up Artist Booths in our courtyard! As always, we will be pouring complimentary wine as well as hot chocolate from Orinoco Chocolate 🍫 We are also thrilled to have two incredible bands this evening: The The Billy Reno Band, Prescott AZ Trio and Shaw Squared!Our Address is: 208 N. Marina Street, Prescott, AZ86301 ... See MoreSee Less

Photo

View on Facebook
· Share

Share on Facebook Share on Twitter Share on Linked In Share by Email

Prescott Living Magazine

3 days ago

Prescott Living Magazine
Reminder that the 2023 Prescott Job Fair is happening today (Wednesday, March 22) from 3:30-6:00 p.m. at Yavapai College. www.ycredc.com/eventsJob Seekers:Learn the latest information about careers. Apply for part-time, full-time, temporary, or seasonal jobs. Meet with representatives from business, healthcare & non-profit organizations.“Rain, rain, go awayCome again some other dayWe want to go outside and playCome again some other day”Rain or shine the Prescott Job Fair is happening today, Wednesday, March 22. Join us from 3:30pm to 6:00pm at the Yavapai College Prescott Campus. Find your new career today!www.ycredc.com/events#jobfair #yavapaicollege #redc ... See MoreSee Less

Photo

View on Facebook
· Share

Share on Facebook Share on Twitter Share on Linked In Share by Email

It’s About LOCAL – ADVERTISE WITH US

© 2022 ROX Media •  Privacy Policy
info@roxco.com • 130 N. Granite St. • Prescott, AZ 86301 • 928.350.8006
CORPORATE OFFICE: 1919 N. Trekell Rd.,  Suite C •  Casa Grande, AZ 85122

No Result
View All Result
  • Inside
    • Voices
    • Special Sections
      • 40 Under 40
      • Annual Photo Contest
      • Best of Greater Prescott
      • Everyone Can Be a Hero
      • Holiday
      • Medical, Health & Wellness
      • Men of Vision
      • New Year, New You
      • Relocation
      • Wealth Management
      • Weddings & Events
      • Women in Leadership
    • Up Front
      • City Speak
    • BIZ
    • YOU
      • Out & About
      • Beauty & Style
      • Health, Happiness & Education
      • Education
      • Pets
      • Home
    • FUN
      • Arts & Culture
      • Outdoor Adventure
      • Restaurants
      • Travel & Tourism
    • The ROX Interview
    • Prescott Pioneer Local News
    • Q & A
  • Current Issue
  • Community Calendar
  • Past Issues
  • Subscribe
    • eNewsletter & Digital Edition Subscription

© 2022 ROX Media