The following is an overview of some of the tax news and legislative proposals discussed or introduced over the past week.

New reporting requirements are putting millions in the cross hairs of the IRS. Here is what you need to know.

The IRS is temporarily suspending automated notices to taxpayers due to its backlog of unprocessed tax returns. Here is what you need to know.

Here are the standard deductions for the current tax year.

A great comparison of this year's key tax amounts and how they changed versus last year.

Corporate tax rates and Section 179 expense limits are noted here for your use.

Here are the current and past mileage rates

Always know your marginal tax rate. Use the tax table here to see the rates applied to each level of your income.

Here are tax law changes that will impact the money you pay for taxes on your individual tax return.

Funding a retirement plan or an HSA? Don't forget to adjust your contributions for new limits each year. Here they are.

Here are the current year and prior year estate and trust tax tables.

Up to date IRS interest rates can be found here for the current tax year.

Here are the income levels subject to Social Security and the tax rates applied to your income for both Social Security and Medicare. Facts everyone should know.

The Social Security Administration recently announced their 2022 Cost-of-Living Adjustment (COLA) changes. Here is what you need to know.

There is an alternative to saving everything in case of audit. Here are the basics of what you should keep and how long you generally need to keep them.

Not sure how long to keep business records? Outlined here is a conservative approach that will help you be prepared in case you need them.

Here are the income levels subject to Social Security and the tax rates applied to your income for both Social Security and Medicare. Facts everyone should know.

Looking for educational expense tax deductions and other benefits? Listed here are the credit and deduction limits for popular educational tax benefits.

Tax benefits often disappear as your income rises. Here are the key phaseout levels for this year and next.