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Amedeo, Marano & Hufnagel
Certified Public Accountants
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Tax Alerts
Tax Briefing(s)
One Big Beautiful Bill Act (Signed Into Law July 4, 2025)2025 Post-Filing Season Update2024 Post-Election Tax Policy UpdateInflation Reduction Act of 2022
IRS Announces Availability of Work Opportunity Tax Credit Through 2025
The IRS has announced that the Work Opportunity Tax Credit (WOTC) will continue to be available to employers through the end of 2025. This federal incentive is designed to encourage businesses to hire...
IRS Alerts Individuals to Fraudulent Tax Schemes on Social Media, (IR-2025-90)
he IRS has cautioned individuals about a rise in fraudulent tax schemes on social media that misuse credits such as the Fuel Tax Credit and the Sick and Family Leave Credit. The scams typically appear...
IRS Urges Emergency Preparedness Ahead of Peak Disaster Season (IR-2025-89)
The IRS has urged individuals and businesses to review emergency preparedness plans as hurricane season peaks and wildfire risks remain high. Essential documents such as tax returns, Social Security c...
IRS Warns of Scams When Donating After Disasters
The IRS has reminded taxpayers that while donating to disaster relief is a compassionate and impactful way to help, it is equally important to remain cautious. In the aftermath of disasters, scam acti...
IRS Highlights Retirement Benefits of IRAs
The IRS has reminded taxpayers that Individual Retirement Accounts (IRAs) continue to provide important benefits for those planning their financial future. A traditional IRA allows earnings to grow ta...
CA - Extensions available for Calaveras and Tuolumne County employers affected by fires
Employers in Calaveras and Tuolumne Counties directly affected by the September 2025 TCU Lightning Complex Fires may request up to a two-month extension of time from the California Employment Developm...
CT - The generation of electricity was not manufacturing for purposes of exemption
The generation of electricity is not manufacturing within the meaning of the statutory property tax exemption for machinery and equipment used in manufacturing. The term "machinery and equipment" is...
DE - Refunds required for overpayments of $50 or more
Delaware legislation requires a refund of county taxes, including local school taxes, if an assessment appeal results in:the reduction in the assessed value of real property; andthe total overpayment ...
DC - Tiered rates established for vacant and blighted properties, credit enacted
The District of Columbia has enacted changes impacting property taxes. Among the changes are:establishes the authority to allow payment plans for delinquent property taxes;amends the factors for estab...
MD - Impact report on OBBBA issued
The Maryland Comptroller has issued a report outlining the impact that the One Big Beautiful Bill Act is expected to have on Maryland tax revenues. Maryland law requires such a report when amendments ...
NJ - HMFA project financing credit program guidance issued
New Jersey has issued guidance regarding the New Jersey Housing and Mortgage Finance Agency (NJHMFA) tax credit program. Awarded tax credits can be applied against Corporation Business Tax or Insuranc...
NY - Minimum wholesale, retail cigarette prices publication updated
The New York Department of Taxation and Finance has updated a cigarette tax publication that lists the revised minimum wholesale and retail cigarette prices for certain standard brands of cigarettes. ...
PA -PURTA surcharge rate announced
Pennsylvania has provided notice that the Public Utility Realty Tax Act (PURTA) surcharge calculation for tax years beginning January 1, 2026 is 0 mills. No PURTA surcharge will be imposed for the tax...
RI - Guidance issued on decoupling from federal treatment of R&D expenditures
Rhode Island issued guidance on its treatment of domestic research and experimental expenditures and recent federal legislation, which the state decoupled from in the 2026 budget.Eligible taxpayers th...

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