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Wolters Kluwer, Thomson Reuters predict IRS inflation adjustments

Wolters Kluwer Tax & Accounting and Thomson Reuters Checkpoint have released their predictions for the expected annual inflation adjustments from the Internal Revenue Service for various tax-related items.

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Trump solo act on payroll tax cut could lead to big bills later

President Donald Trump said he is “talking about” doing a payroll-tax cut through an executive action, but doing so could result in hefty tax bills for employers later if the idea doesn’t get mired in legal challenges before then.

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