A federal district court judge issued a preliminary injunction blocking the U.S. Department of Labor's new "white collar" overtime pay mandate. Employers, including not-for-profits, are not required to comply with or implement the requirements of the overtime rule that was slated to go into effect on December 1, 2016. The new requirement would have extended eligibility for overtime to workers not previously subject to overtime rules because of their compensation level. Here i

The IRS has provided the annual inflation-adjusted contribution, deductible, and out-of-pocket expense limits for 2017 for health savings accounts (HSAs). Eligible individuals may, subject to statutory limits, make deductible contributions to an HSA. In general, a person is an eligible individual if s/he is covered under a high-deductible health plan (HDHP) and is not covered under any other health plan that is not a HDHP, unless the other coverage is permitted insurance (e.g

Here are some inflation adjusted tax changes for 2017. Gifts Made and Estates of Decedents Dying Exclusion Amount 2017 — $5,490,000 2016 — $5,450,000 Gift Tax Annual Exclusion 2017 — $14,000 2016 — $14,000 Adoption of a Child with Special Needs Credit 2017 — $13,570 2016 — $13,460 Maximum Credit for Other Adoptions 2017 — $13, 570 2016 — $13, 460 Disclaimer: The items included in the Tax Tip Tuesday Video Blog are informational only and are not meant as tax advice. Co

Today is the day we have been waiting for! Be sure you vote today. There are significant differences in the tax proposals between the Republican and the Democrat presidential candidates. Please take the time to review these before the election. You can find the details you need to know by simply googling “presidential candidate tax comparison”. Everyone has their own tax situation, so compare how the proposals will affect your individual situation. There are also significa