Numerous Tax Limits Affecting Businesses Have Increased For 2022

Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022. Here’s a rundown of some key tax breaks for small businesses. Social Security Tax The amount of an employee’s earnings that is subject to Social Security tax is capped for 2022 at $147,000 (up from … Continue reading “Numerous Tax Limits Affecting Businesses Have Increased For 2022”