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HSA limits for 2023 Rise as Part of Tax Code Changes

May 03, 2022

Tax Code Changes Due to Inflation The Internal Revenue Service issued its annual inflation-adjusted amounts for next year’s health savings accounts. Due to surging inflation, the highest level in decades, they are raising the HSA limit. As part of 2023 tax code changes, Revenue Procedure 2022-24, states for calendar year 2023, the annual limitation on… Read more »

The $600 Question-Will the IRS Be Tracking Your Expenses?

October 25, 2021

What is the happening with the IRS tracking Expenses? Part of the Build Better Back Plan, proposed by the Biden administration, has people scratching their heads in confusion. Mostly due to a component of the plan to beef up IRS auditing. The administration wants to expand the agency’s funding and power. The proposal would require… Read more »

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Anthony J. Madonia & Associates, Ltd. Map

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It would be our pleasure to discuss your business, tax and/or estate planning needs.
For more information or to schedule an appointment, please complete the following, call or email us today.
We will respond within one business day.

Office:

1900 East Golf Road, Suite 650,
Schaumburg, IL 60173
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Phone: (312) 578-9300

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info@madonia.com