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We put together a table which provides important federal tax information for 2022 compared to 2021. In summary, some of the dollar amounts are unchanged and some changed only slightly due to inflation. After reviewing the chart, if you have any questions, please contact your tax advisor at 800.887.0437.
* Provided by restaurants. This is part of the Consolidated Appropriations Act, signed into law on December 27, 2020. The 100% deduction is scheduled to return to 50% in 2023, unless Congress acts to extend it.
