Tax Law and News IRS Announces Tax Benefits, Pension Plans and Other Changes for 2017 Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Mike D'Avolio, CPA, JD Published Nov 2, 2016 1 min read Recently, the IRS made several announcements regarding information all tax professionals should know about, as well as pass along to their clients: Technical guidance for cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2017 are included in Notice 2016-62. For more information, click here. Revenue Procedure 2016-55 provides details about tax year 2017 annual inflation adjustments for more than 50 tax provisions, including tax rate schedules and other tax changes. The tax year 2017 adjustments generally are used on tax returns filed in 2018. For more information, click here. Check back often on the Intuit® ProConnect™ Tax Pro Center for tax updates from the IRS, along with information affecting you and your practice. Previous Post November 2016 Tax and Compliance Deadlines Next Post Above the Forms: Expanded Security for Tax Professionals Written by Mike D'Avolio, CPA, JD Mike D’Avolio, CPA, JD, is a tax law specialist for Intuit® ProConnect™ Group, where he has worked since 1987. He monitors legislative and regulatory activity, serves as a government liaison, circulates information to employees and customers, analyzes and tests software, trains employees and customers, and serves as a public relations representative. More from Mike D'Avolio, CPA, JD Comments are closed. Browse Related Articles Tax Law and News Consultant Spotlight: John Trammell Practice Management Why you should care about green cloud computing Practice Management Consultant spotlight: Steven G. Advisory Services Understanding your client’s relationship with mon… Practice Management Consultant spotlight: Jonathan Lovitt Practice Management ProConnect™ Tax spotlight: Megan Leesley, CPA Tax Law and News Boo! Extension season horror stories Tax Law and News Tax relief for victims of Hurricane Milton Practice Management Tax Season Readiness virtual conference—Nov. 13-14 Practice Management Lacerte® Tax spotlight: Tania Santos, EA