Estate Tax – Current Law, 2026, Biden Tax Proposal

KROST

Starting January 1, 2026, the exemption will return to $5.49 If a decedent dies in 2026, with an estate of $11,700,000, the exemption amount would be approximately $6,000,000, creating a TAXABLE estate of $5,700,000 and an estate tax in the amount of $2,280,000.

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How to Ensure Life Insurance Isn’t Part of Your Taxable Estate

RogerRossmeisl

That’s generous by historical standards but in 2026, the exemption is set to fall to about $6 million ($12 million for married couples) after inflation adjustments — unless Congress changes the law.

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Work Opportunity Tax Credit Extended Through 2025

RogerRossmeisl

The credit is generally limited to eligible employees who began work for the employer before January 1, 2026. Are you a business owner thinking about hiring? Be aware that a recent law extended a credit for hiring individuals from one or more targeted groups.

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New Hampshire is phasing out the Interest/Dividends Tax over the next 5 years

Steve Feinberg

In 2022 the rate is 5%, and then 4% in 2023, 3% in 2024, 2% in 2025, 1% in 2026, and then completely repealed after 2026. Strategically, the S Corporation could even start ‘planning’ for this now, by simply letting their profits sit in the company and take them out in 2026 or later. At first glance, you wouldn’t think this news matters that much as most small businesses don’t pay Interest/Dividends tax. So, what’s changing?

A Digital Solution For Every Problem 

PYMNTS

trillion: Estimated value of the digital payment market by 2026. $30 30 billion: Estimated value of the digital payments security market by 2026. There might not be a digital service for every activity under the sun just yet – but even if you can’t find the one you want, it will likely emerge within a month or two. Where there’s a will, there’s a way, and a digital payments provider to make it happen. Better mechanisms for millennials to buy houses? Check.

How Your Small Business Can Prepare for Florida’s Minimum Wage Increase

xendoo

per hour by 2026, with the door open to possible increases in the years after that. by 2026. 15.00/hour on September 30, 2026. In recent years, we’ve seen a reopening of the debate over minimum wage. Advocates are currently pushing for an increase to $15.00

Small Business Tax Rates in New Hampshire

Steve Feinberg

The I&D Tax is then repealed for taxable periods beginning after December 31, 2026, and will no longer require consideration by NH small businesses.

Pizza Parties In Lieu of Compensation: A Comprehensive History

Going Concern

15 May 2026. Have you attended a pizza party lately? Has your firm been trying to seduce you back into the office with the promise of under-seasoned jarred sauce and crust? Have you ever stared down a tiny tub of garlic butter sauce wondering wtf you’re doing with your life?

2021 UK Budget Highlights Released

GlobalUpside

The upper earnings limit threshold will persist as is until 2026. The 2021 UK budget was presented to parliament in early March. The budget will continue to incorporate allocations to various coronavirus support measures. There are no notable changes in key rates for this year.

Bitcoin Daily: Australia’s RMIT To Offer Grad Certificates In Blockchain Business, Cybersecurity

PYMNTS

RMIT Online has unveiled two postgraduate programs as predictions indicate that 18,000 more cybersecurity workers will be needed in Australia by 2026, according to an announcement from the university.

Nebraska State Tax Updates

Withum

For the latest news and updates on Nebraska state and local tax. April 29, 2022. Nebraska Implements Corporate Income Tax Rate Reductions. On April 13, 2022, Governor Rickets signed L.B. 873 which reduces Nebraska’s corporate income tax rate over the next five years.

Standard Mileage Rates for Business, Medical, and Moving Expense Purposes Will Increase in July

ThomsonReuters

For taxable years beginning after 2018 and before 2026, however, the moving expense deduction is available only for certain moves by members of the Armed Forces on active duty (see our Checkpoint article ). IRS Announcement 2022-13 (June 9, 2022); IRS News Release IR-2022-124 (June 9, 2022).

How Portability Can be a Valuable Estate Planning Tax Strategy

Anders CPA

million exemption amount is set to expire in 2026. Good news came for taxpayers with large estates when the Tax Cuts and Jobs Act (TCJA) was passed. The TCJA doubled the estate and gift tax lifetime exemption, from $5.49 million per taxpayer to $11.18 million per taxpayer.

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Apple Supplier Murata Anticipates 5G Phones To Top 500 Million

PYMNTS

And by 2026, Ericsson said the 5G subscription number is now expected to top 3.5 The largest manufacturer of ceramic capacitors for Apple and other smartphone makers, Murata Manufacturing Co.,

California Passes Workaround to the Federal Limit on State Tax Deductions

KROST

The law is retroactive to years beginning on or after January 1, 2021 and continues for years ending before January 1, 2026. For years beginning after January 1, 2022, and before January 1, 2026, the PTE is required to make two payments.

The High Cost Of KYC And AML Security Lapses

PYMNTS

percent: Projected CAGR of the global AML software market as measured from 2019 to 2026. The regulatory landscape has become stricter – and more expensive – as enterprises and FIs grapple with fraudsters and seek to protect data and dollars. In the latest AML/KYC Tracker , the costs of lapses and breaches become apparent, even anecdotally, as measured in fines and exposed records.

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Driving Payments Innovation With Installments And Automation

PYMNTS

percent: Expected CAGR of the eInvoicing market from 2017 to 2026. $16: Small and mid-sized businesses (SMBs) can make their operations run smoother by tapping into automated processes, electronic invoices and accounts receivable (AR) tools for digital payments. In payments innovation, mass transit is driving the global future of contactless payments. And in retail, Apple is embracing installment payments as it plans to make its iPhone products and wearables more accessible to customers.

Tax Savings for Small Business Owners: Bonus Depreciation and Section 179

xendoo

40% after December 31, 2024 and before January 1, 2026. When making a major purchase for your business, you are expected to spread the tax deduction out over the lifespan of that purchase, which provides small tax savings over the years. But, why wait?

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Friday Footnotes: Which Firm Puts in the Most Hours?; Clients Pay for the Talent War; Spotting Burnout | 5.20.22

Going Concern

Last year, the company said it would boost its global workforce by more than one-third by 2026 as it expanded into areas like artificial intelligence and cybersecurity.

PYMNTS Daily Data Dive: Blue Christmas

PYMNTS

regional malls that could close by 2026. Between the end of 2016 and 2017, $128 billion worth of commercial real estate loans are due to refinance. A quarter of those were put toward building malls a decade ago — just before the online shopping boom began. While net retail sales have increased 31 percent since 2009, eCommerce has doubled in that same time. Howard Davidowitz, chairman of Davidowitz & Associates Inc., predicts that half the 1,100 regional malls in the U.S.

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New India Tax Prompts Pushback By Amazon And Flipkart

PYMNTS

The eCommerce industry in India is growing, and expected to reach $200 billion by 2026, but with the boon has come more stringent regulations for companies like Amazon and Flipkart.

CurrencyFair Launches Cross-Border Collections Solution

PYMNTS

CurrencyFair already has offices in Ireland, Singapore and Australia, and it has been working to expand into Asia, where it is estimated that 33 percent of global money transfers will take place by 2026. International payments and money transfer service CurrencyFair has announced Friday (Nov.

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Friday Footnotes: Firms Make Progress on Diversity; EY Growth Plan; PIZZA PARTY! | 3.8.22

Going Concern

EY aims to double consulting business to 10,000 people by 2026 [ Consultancy.uk ] EY has launched ambitious growth plans within its consulting practice.

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Today In Data: Digital Banking Cybersecurity

PYMNTS

billion: The projected size of the global banking cybersecurity market by 2026. With new risks come new solutions, and banks are taking this approach to data security: They are adopting technologies such as biometric authentication to protect sensitive information. At the same time, individual credit units may be small, but in aggregate they pack a punch.

Amazon To Deliver Alcohol In West Bengal, India

PYMNTS

It is estimated to reach $200 billion in revenue by 2026, up from just $39 billion three years ago, according to The Motley Fool. Amazon.com Inc. will soon enter West Bengal, India’s multi-billion dollar alcohol sales market, sources told Reuters. The West Bengal State Beverages Corp.,

Today In Data: Challenges And Advancements In Smart Technology

PYMNTS

percent: Expected compound annual growth rate (CAGR) of the global intelligence of things (IoT) security market from 2019 to 2026. The smart technology field continues to be hampered by security issues even as solutions in the space are put to use in many cases. In pet technology news, Pawscout is helping owners find their wayward pets with a Bluetooth-enabled tag as pet retail becomes a fierce battleground.

Google Cloud, Nokia Join Forces On Cloud-Native 5G Products

PYMNTS

By 2026, Ericsson expects over 3.5 Google Cloud and Finland’s Nokia are teaming up to develop cloud-native 5G solutions for communications service providers and enterprise customers, the companies announced in a Thursday (Jan. 14) press release.

Government Aid Expected To Spur Economy To Pre-COVID Peak In Mid-2021

PYMNTS

However, the agency projected that the unemployment rate will only gradually decline through 2026, with the number of people employed returning to a pre-COVID crisis level only in 2024. A new report predicts the U.S.

Virtual Kitchen Nets $20M To Assist Restaurants With Delivery

PYMNTS

billion by 2026, CNBC reported. Virtual Kitchen , a startup founded by ex- Uber employees, has raised $20 million in fresh capital in a bid to capitalize on the need for food delivery amid the pandemic, according to CNBC.

Payroll trends to watch in 2022 (Part 1)

ThomsonReuters

The minimum wage rate for Florida employees will increase gradually to $15 per hour by 2026. This year in Hawaii, lawmakers have proposed an $18 minimum wage rate increase for all employees in the state by 2026.

Ericsson Says 5G Uptake Is Accelerating; COVID Highlights Need For Connectivity

PYMNTS

However, by 2026, Ericsson said the 5G subscription number is now expected to exceed 3.5 will catch up and overtake China in the race to roll out high-speed mobile technology, forecasting that North America will account for 80 percent of global 5G subscriptions by 2026.

SEC Alert: Enhancement and Standardization of Climate-Related Disclosures for Investors

Withum

For SRCs, fiscal year 2025 (filed in 2026). On March 22, 2022, the U.S. Securities and Exchange Commission (SEC) released the long-anticipated proposed rule: The Enhancement and Standardization of Climate-Related Disclosures for Investors.

IRS Announces 2022 Standard Mileage Rates and Vehicle Value Limitations

ThomsonReuters

For taxable years beginning after 2018 and before 2026, however, the moving expense deduction is available only for certain moves by members of the Armed Forces on active duty (see our Checkpoint article ). IRS Notice 2022-03 (Dec. 17, 2021); IRS News Release IR-2021-251 (Dec. 17, 2021).

IRS Issues 2020 Form 2106 and Instructions

ThomsonReuters

As a reminder, for taxable years beginning before 2026, Form 2106 may only be used by Armed Forces reservists, qualified performing artists, fee-basis state or local government officials, and employees with disabilities who have impairment-related work expense (see our Checkpoint article ).)

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Around The World With Payments And Commerce

PYMNTS

200 billion : Estimated worth of India’s eCommerce market by 2026. The good news about living in a flat world is that it is increasingly connected and accessible — a big opportunity for merchants, consumers and financial institutions (FIs) alike. However, where there is opportunity, there are challenges. Consumers who get more, want more — which puts the pressure on FIs to innovate for more complex needs.

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Opportunity Zones and Cost Segregation

KROST

This is a preview of one of the articles in the new KROST Quarterly Real Estate Issue , titled “Opportunity Zones and Cost Segregation” by Guest Contributor Artur Babaian. Opportunity Zones are garnering increased interest across the country.

Malls Close Vacancy Gap With 1700+ Online Retailers

PYMNTS

Investment firm UBS estimated that 75,000 brick-and-mortar stores would likely shut down by 2026. As traditional mall merchants go under, online brands are expanding into brick-and-mortar, the New York Post reported Saturday (Nov. More than 1,700 physical stores in the U.S. were digital merchants first, the Post reported, citing Fifth Wall and Thinknum Alternative Data. One example is New York’s UNTUCKit , which started as an online men’s clothing store and grew into a global brand.

Digital Payments Advance In India And Africa

PYMNTS

Online retail continues to grow in the country, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate. The summer, now drawing to a close, brought significant payments and commerce activity outside the Western world. A new PYMNTS story offers an in-depth look at all the recent digital happenings in India — a country that’s experiencing more competition from the likes of Google , Amazon , Walmart-owned Flipkart and Alibaba.

Ola Electric Reaches $1B Valuation With SoftBank Investment

PYMNTS

India recently set a goal to make 40 percent of its fleet electric by the year 2026. Ola Electric, part of India’s largest ride-hailing company, has raised $250 million from SoftBank in a Series B financing round, according to a report. The latest capital infusion means the company is now valued at more than $1 billion. The firm wants to scale its electric business, especially as India becomes more environmentally friendly.

Snap Unveils Third Generation Of Spectacles

PYMNTS

According to past reports, the debt offering will take the form of convertible senior notes set to mature in 2026. With new 3D effects included for Snapchat use, Snap has reportedly introduced its third generation of wearable sunglass cameras called Spectacles. Users can, for instance, capture 3D snaps that have an effect of side-to-side depth due to dual-angle cameras, according to reports.

Analysts Predicting A Big Year For eCommerce In 2017

PYMNTS

This growth trajectory will result in a near doubling of online market share by 2026, the report said. Going to be a good year for online retailers if analysts got their guess right. Sales are reportedly on track to reach $440 billion in 2017, a sizable pickup from the $395 billion expected, according to a recently released report.

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AI Takes The Measure Of Fashion Retailing

PYMNTS

percent clip from 2020 to 2026. Iconic Vogue magazine editor Diana Vreeland once said, “Fashion is part of the daily air and it changes all the time.” Artificial intelligence (AI) is now one of the tools at the retailer’s disposal to keep pace with those changes. “It

FedEx Looks To Woo Merchants With Low Air Freight Prices

PYMNTS

to 100 million a day by 2026. As FedEx is nearing the end of its contract with Amazon , it is gearing up to raise the level of its competitive game by offering big discounts to pack its planes full. The delivery and logistics giant is looking to reset its delivery network, which has fallen behind in the era of eCommerce, according to reports in The Wall Street Journal. The price cuts will come for members of FedEx’s Express network, according to people familiar with the matter.

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