2023 Tax Law Chanfes

Tax Law Changes in 2023

Are you ready for the new tax law changes coming in 2023? Because it’s a whole new ball game!

Here are the major changes that you should know about:

August 2022: Inflation Reduction Act

  • Clean energy tax credits for homeowners
  • Rebates for electric vehicle purchases
  • Expanded IRS Enforcement
  • 15% corporate minimum tax
  • Tax on stock buybacks

December 2022: Consolidated Appropriations Act, 2023 (Includes SECURE 2.0)

  • Delays in the starting age for Required Minimum Distributions
  • Automatic enrollment in workplace retirement plans
  • Larger “catch-up” contributions
  • Additional penalty-free distributions
  • 529 Plan “Roll-Ups”

Don’t get caught off guard! We can help you navigate these changes and ensure that you are prepared for the new tax laws. 

Let’s schedule a meeting here and figure out the best way for you to take advantages of these changes.

Learn More


Crowdfunding: Is It Taxable?

Crowdfunding is a national and international phenomenon. Over $17 billion is raised yearly in North America through world-famous websites such as GoFundMe and Kickstarter. All this crowdfunding activity leads to an obvious question: Is the money raised this way taxable

Learn More