2031 business tax Finance tax services 
Withum
JUNE 8, 2022
The Superfund was financed through excise taxes, like those imposed on certain crude oil and petroleum products and on domestically produced and imported petrochemicals and inorganic chemicals. This means the tax rates will be higher and apply to more substances than they did in the past. Business Tax Services.
Withum
JULY 26, 2023
Taxpayer can elect to apply the broadened base to the 2022 taxable year or apply the broadened base to tax years starting in 2023. The interest expense limitation allowed is 30% of adjusted taxable income plus floor plan financing interest. On the Democratic side, there is still a strong desire to expand the child tax credit.
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