Applications for the Federal student loan forgiveness program were suspended by the Biden administration on Friday, November 12, 2022, one day after a Federal judge in Texas struck down the program as unconstitutional. The Biden administration is appealing this decision. We present the following … [Read more...] about Student Loan Forgiveness Plan – What You Need to Know
Legislation
Restaurant Meals Fully Deductible Again in 2022
The Consolidated Appropriations Act of 2021 made a temporary, but significant change to the deductibility of business meals provided by a restaurant. The Act increased the deduction from 50 percent to 100 percent for restaurant food and beverage expenses incurred in direct relation to business … [Read more...] about Restaurant Meals Fully Deductible Again in 2022
Inflation Reduction Act of 2022: Key Tax Provisions
By a narrow margin in August 2022, Congress passed, and the President signed into law, the Inflation Reduction Act of 2022. The bill has been the subject of much debate and many experts claim that in the long run, the bill may actually worsen inflation by constraining the productive capacity of the … [Read more...] about Inflation Reduction Act of 2022: Key Tax Provisions