Tax Planning

Russo CPA Getting Ready for the 2023 Tax Filing Season; Filing your 2022 return promises to be complicated.

Getting Ready for the 2023 Tax Filing Season

Filing your 2022 tax return promises to be just as complicated as always; however, there are steps that taxpayers can take right now to ensure their tax filing experience goes smoothly. Let’s take a look at what’s new for 2022 and some key items taxpayers should consider before they file.

Read more

Russo CPA shares 2023 Tax Code changes for individuals

Individual Taxpayers: Tax Changes for 2023

Every year, it’s a sure bet that there will be changes to current tax law, and this year is no different. From standard deductions to health savings accounts and tax rate schedules, here’s a checklist of tax changes to help you plan the year ahead.

Read more

Russo CPA tax professionals explain highlights of the Secure 2.0 Act of 2022

Highlights of the Secure 2.0 Act of 2022

The $1.66 trillion Consolidated Appropriations Act, 2023 was signed into law on December 29, 2022 by President Biden. Included in the 4,155 page bill is the SECURE Act 2.0 of 2022, which contains a number of tax provisions relating to …

Read more

Tax Due Dates for January 2023

During January

All employers – Give your employees their copies of Form W-2 for 2022 by January 31, 2023. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the employee and notify the employee of the posting.

Read more