Search results with tag "Tax years beginning"
Colorado enacts several law changes impacting income and ...
www2.deloitte.comclaimed for tax years beginning on or after January 1, 2026. • HB 1311 makes the Colorado child tax credit available for tax years beginning on or after January 1, 2022, based on a percentage of the federal tax credit that varies by the amount of the taxpayer’s federal adjusted gross income.
Rhode Island Department of Revenue Division of Taxation
tax.ri.govdeduction amounts, tax bracket ranges, and other key items for the Rhode Island personal income tax for tax years beginning on or after January 1, 2021. The inflation-adjusted amounts apply for tax year 2021, and therefore will not appear on tax returns until early 2022 (covering the 2021 tax year). Nevertheless, they are important to know
07-24 Maryland Impact of the federal CARES Act on 1 ...
www.marylandtaxes.govback for NOLS and suspend the 80% carryforward limitation for tax years beginning after December 31, 2017 and before January 1, 2021 (2018, 2019, and 2020) 12. As a result, businesses may amend their federal 2018 tax year returns to carryback current year losses and offset federal taxable income for tax years as far back as 2013.
Colorado enacts pass-through entity tax election
www2.deloitte.com• The PTE election only applies to tax years beginning on or after January 1, 2022 in which there is a limitation on individual income tax deductions under Internal Revenue Code (IRC) section 164. • The PTE tax rate is 4.55% which is the current income tax rate for C corporations and individuals. Additionally, e lecting PTE’s are required
New York State Department of Taxation and Finance Office ...
www.tax.ny.govEffective for tax years beginning in 2003 and afte r, the New York State Tax Department will require all employers to complete the . State wages, tips, etc. box of federal Form W-2, according to the guidelines in this memorandum, for any empl oyee who has federal wages subject to New York State income tax withholding.
On January 11, February 18, March 16, and April 1 ... - Oregon
www.oregon.govtax years beginning on or after January 1, 2020, a tax credit based on your contributions to an Oregon College or MFS 529 Savings Plan account or an ABLE account may now be claimed. For additional information, see Publication OR-17. Charitable deduction. This federal deduction is from the CARES Act and is for taxpayers who made chari-
The Section 179 and Section 168(k) Expensing Allowances ...
sgp.fas.orgin tax years beginning in 2018 under Section 179 of the federal tax code. They also have the option under Section 168(k) of expensing the entire cost of qualified assets they acquire and place in service between September 28, 2017, and December 31, 2022. Many of the assets that qualify