Effective 2023, Indiana has increased the state tax credit available for contributions to an Indiana CollegeChoice 529 account. The credit has increased from $1,000 ($500 for married filing separately) to $1,500 ($750 for married filing separately). The credit is equal to 20% of the contributions into a CollegeChoice 529 for the year up to the […]
Effective 2023, Indiana has increased the state tax credit available for contributions to an Indiana CollegeChoice 529 account. The credit has increased from $1,000 ($500 for married filing separately) to $1,500 ($750 for married filing separately). The credit is equal to 20% of the contributions into a CollegeChoice 529 for the year up to the […]
There have been new developments in Indiana regarding nonprofit organizations and sales tax. First, effective for 2023, the form NP-1 is replacing form ST-105 for requesting sales tax exemptions. Existing ST-105s on file will remain valid through December 31, 2023. Form NP-1 will now be used to request sales tax exemptions for new vendors. Additionally, […]
Covid has brought about a significant shift in the workplace. Many companies switched to fully remote work during the pandemic and while some have returned to the office full time, many employees are still fully remote or working a mix of in-office and remote. As we have already seen, this dramatic shift towards a more […]