2026 business tax payroll 
Withum
MAY 12, 2025
On May 10, 2025, New York Governor Hochul signed the 2025-2026 budget bill into law. While there are no major tax changes in the budget bill, several items are worthy of note for taxpayers. Including a payroll tax hike and new rules related to partnership audits. from the current 0.6%. to about 0.6%. to about 0.6%.
Shay CPA
FEBRUARY 10, 2025
American Innovation and Jobs Act (2023) Sought to reinstate immediate expensing and bolster the R&D tax credit for smaller companies. Tax Relief for American Families and Workers Act (January 2024) Included a provision to defer amortization until 2026. Outcome: Proposed but not enacted.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Insightful Accountant
JUNE 30, 2025
The SALT deduction changes remain substantial, retroactively increasing the limitation to $40,000 for 2025 and $40,400 for 2026, with one percent annual increases through 2029 before reverting to $10,000 in 2030. 1 that significantly reshapes several provisions practitioners have been tracking. .
CPA Practice
JULY 25, 2025
Tenney’s bill did not advance to a vote in the House, but it provided the framework for the tax policy included in Trump’s bill. The final version of Trump’s bill that he signed into law did not include an extension beyond the existing 2026 deadline for companies to qualify for the subsidy.
ThomsonReuters
JANUARY 30, 2023
States eye workforce as a legislative priority for payroll The majority of state legislatures began their legislative sessions this January. A flurry of bills is being proposed in the payroll space — many having to do labor and employment. Currently, the state indexes its minimum wage annually for inflation. per hour to $11.39.
Withum
OCTOBER 3, 2024
The IRS is also providing penalty relief to businesses that make payroll and excise tax deposits. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. Are you interested in making qualified disaster relief payments to your employees?
ThomsonReuters
JANUARY 22, 2024
Flexible Income Lookback : Taxpayers can choose to use either current or prior-year income to calculate the child tax credit in 2024 and 2025, providing flexibility in determining eligibility. Inflation Adjustment : Starting in 2024, the child tax credit will be adjusted for inflation to keep up with the rising cost of living.
Expert insights. Personalized for you.
Let's personalize your content