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Amedeo, Marano & Hufnagel
Certified Public Accountants
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Tax Alerts
Tax Briefing(s)
2026 Post-Filing Season Update2025 Tax Year-in-Review2025 Year-End Tax PlanningOne Big Beautiful Bill Act (Signed Into Law July 4, 2025)Inflation Reduction Act of 2022
IRS Provides Indexing Adjustments for Applicable Dollar Amounts (Rev. Proc. 2026-22)
The IRS has issued indexing adjustments for the applicable dollar amounts under Code Sec. 4980H(c)(1) and (b)(1), which are used to determine the employer shared responsibility payments (ESRP). This...
IRS Updates Conservation Easement Guidance; Warns of Abusive Tax Shelter Risks (IR 2026-63)
The IRS has updated its Conservation Easement website to expand guidance on abusive conservation easement transactions. In the announcement, the IRS stated that promoter-driven conservation easement...
IRS Informs Taxpayers On Filing Amended Returns To Correct Errors
The IRS has advised individual taxpayers that errors in a filed federal return may be corrected by submitting an amended return where key items affecting tax liability have changed. Amendments are gen...
IRS Highlights Digital Tools for Small Businesses During National Small Business Week (Tax Tip 2026-38)
The IRS has highlighted several digital tools and resources available to help small businesses and entrepreneurs manage their tax responsibilities during National Small Business Week. These tools are...
CA - 2026-2027 fuel tax rates announced
California provides the sales and use tax, sales tax prepayment, and motor vehicle fuel excise tax rates effective July 1, 2026, through June 30, 2027.Sales and Use Tax RatesEffective July 1, 2026, th...
CT - Deductions added for members of military honor details and national guard
Connecticut enacted legislation that adds personal income tax deductions for compensation received by:members of military honor guard details for attending a veteran's funeral service, effective for t...
DE - Film credit, increase in cigarette and tobacco taxes proposed
Delaware Gov. Matt Meyer delivered a presentation for his fiscal year 2027 budget that includes proposals to increase taxes on cigarettes and other tobacco products and to establish a film tax credit....
DC - District AG opinion affirms nonconformity legislation
The District of Columbia Attorney General issued an opinion on personal and corporate income tax liabilities for tax year 2025. The opinion states that House Joint Resolution 142, disapproving of Emer...
MD - Subtraction for public safety employee retirement income increased
The subtraction from Maryland personal income tax for public safety employee retirement income is Increased from $15,000 to $20,000 by tax year 2030. The subtraction is phased in over the next five ye...
NJ - NCTI And FDDEI reporting guidance updated
New Jersey updated its guidance on the corporation business tax to reflect changes in terminology under the One Big Beautiful Bill Act. Foreign-Derived Intangible Income (FDII) is now referred to as F...
NY - Enacted budget extends refundability of investment tax credit for farmers
Enacted as part of New York's 2026-27 budget package, A.B. 10008 extends through 2032 the provision making the investment tax credit refundable for eligible farmers. Previously, the provision applied ...
PA - Deadline for property tax/rent rebate program extended
Pennsylvania has extended the deadline for its Property Tax/Rent Rebate (PTRR) program to December 31, 2026, allowing eligible seniors, widows and widowers, and individuals with disabilities additiona...
RI - Prepaid cigarette tax will increase
Rhode Island prepaid sales tax on cigarettes increases to 95 cents (from 90 cents) per pack on July 1, 2026. The prepaid sales tax is calculated annually on April 1 based on the average retail price. ...

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