Curtis E. Tatum, Esq.

Business Standard Mileage Rate Increases to 65.5 Cents in 2023

https://www.americanpayroll.org/news-resources/apa-news/news-detail/2022/12/30/business-standard-mileage-rate-increases-to-65.5-cents-in-2023

Beginning January 1, 2023, the business standard mileage rate for transportation expenses paid or incurred will increase to 65.5 cents per mile.

IRS Releases 2022 Form 940 and Schedule A

https://www.americanpayroll.org/news-resources/apa-news/news-detail/2022/12/02/irs-releases-2022-form-940-and-schedule-a

The IRS has released the 2022 Form 940 and Schedule A with the FUTA credit reduction states.

Business Standard Mileage Rate Increases to 62.5 Cents for Second Half of 2022

https://www.americanpayroll.org/news-resources/apa-news/news-detail/2022/06/13/business-standard-mileage-rate-increases-to-62.5-cents-for-second-half-of-2022

The IRS announced that the business standard mileage rate for transportation expenses paid or incurred beginning July 1, 2022, will be 62.5 cents per mile.

Social Security Trustees Project Wage Base for 2023

https://www.americanpayroll.org/news-resources/apa-news/news-detail/2022/06/03/social-security-trustees-project-wage-base-for-2023

The Board of Trustees of the Social Security Trust Fund projects the social security wage base will be $155,100 for 2023. This would be an increase of $8,100 from the 2022 social security wage base...

IRS Data Affirms Payroll’s Vital Role in Nation’s Tax System

https://www.americanpayroll.org/news-resources/apa-news/news-detail/2022/05/27/irs-data-affirms-payroll-s-vital-role-in-nation-s-tax-system

On May 26, the IRS released its 2021 Internal Revenue Service Data Book, which provides statistics that underscore the importance of payroll professionals to the integrity of the American tax system.

Same-Day ACH Per Payment Limit Increases to $1 Million

https://www.americanpayroll.org/news-resources/apa-news/news-detail/2022/03/18/same-day-ach-per-payment-limit-increases-to-$1-million

Effective March 18, the per payment limit for same-day ACH transactions increased to $1 million.

President Biden Signs Executive Order on Cryptocurrencies

https://www.americanpayroll.org/news-resources/apa-news/news-detail/2022/03/11/president-biden-signs-executive-order-on-cryptocurrencies

An Executive Order directs federal agencies to develop strategies addressing the risks and benefits of cryptocurrencies.

IRS Releases 2022 Publication 15-T

https://www.americanpayroll.org/news-resources/apa-news/news-detail/2021/12/23/irs-releases-2022-publication-15-t

The IRS has released the 2022 Publication 15-T, Federal Income Tax Withholding Methods.

Business Standard Mileage Rate Increases to 58.5 Cents in 2022

https://www.americanpayroll.org/news-resources/apa-news/news-detail/2021/12/20/business-standard-mileage-rate-increases-to-58.5-cents-in-2022

Beginning January 1, 2022, the business standard mileage rate for transportation expenses paid or incurred will increase to 58.5 cents per mile.

Biden Administration Extends Relief for Federal Student Loan Borrowers

https://www.americanpayroll.org/news-resources/apa-news/2021/01/22/biden-administration-extends-relief-for-federal-student-loan-borrowers

On January 20, President Biden requested that the Secretary of Education extend COVID-19-related relief for federal student loan borrowers. The U.S. Department of Education has indicated on its ...