IRS Updates Allowable Living Expense Standards for 2023
The IRS has updated the Allowable Living Expense (ALE) Standards, effective April 24, 2023.The ALE standards reduce subjectivity when determining what a taxpayer may claim as basic living ...
MD - Student loan debt relief tax credit changes
Maryland has enacted legislation making changes to the student loan debt relief credit against its personal income tax. For tax years beginning after December 31, 2022, Maryland has increased the amou...
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