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Jacobs & Company, LLP

2161 Palm Beach Lakes Boulevard, Suite #450

West Palm Beach, FL 33409

 

Phone: 561-615-8585

Fax:     561-615-8888

 

Website: www.jacobsandcompanyCPA.com

December 2022

A Popular Tax Law Scheduled to Phase Out For 2023

A Popular Tax Law Scheduled to Phase Out For 2023

The temporary 100% tax deduction for qualified business meals eaten at restaurants that came into effect for 2021 and 2022 will revert to the old 50% deductibility requirements as of January 1, 2023, unless Congress acts to extend it.


Upcoming 2023 Tax Deadlines

JANUARY 16, 2023
4th quarter 2022 estimated tax payments due


JANUARY 31, 2023
Form W-2 and Form 1099 due to recipients, Social Security Administration, and IRS


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