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2020 Vs 2021 Vs 2022 Federal Income Tax Brackets

The US tax system is progressive, meaning that the more you earn the more you pay. For the years 2020-2022 there are seven different brackets for…

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Electric Vehicle Tax Credits and the Future of the Automotive Industry

One highlight of the recently passed Inflation Reduction Act of 2022 (IRA; HR 5376) includes modifications to what is more commonly referred to as EV credits.…

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Taxation of Legal Settlements and Fees

The taxation of legal settlements and fees is a complex topic. While the mechanics to make a proper claim are now easier, the rules are still…

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