AG FinTax - Small Business Tax Services
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.

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The tax deadline is swiftly approaching and with it, a need to get all of your financial affairs in order. But this year is different from the last. This year, American taxpayers are considering how their stimulus checks might affect their tax bills. 

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Act Now! Get Your Safe-Harbor Expensing in Place

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For 2024, you can elect the de minimis safe harbor to expense assets costing $2,500 or less ($5,000 with audited financial statements or similar). The term “safe harbor” means that the IRS will accept your expensing of the qualified assets

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