SECURE 2.0 provides significant retirement-savings opportunities, including changes to RMDs and catch-up contributions, among other things.
The IRA’s tax provisions cover a lot of ground: a 15% AMT for certain very large corporations, a clean vehicle credit and tax breaks for home energy efficiency improvements, among others.
The IRS has released individual tax brackets, retirement plan contribution limits and more tax-related numbers for the new year.
Tax incentives included in the CHIPS and Science Act aim to increase domestic production of semiconductors.