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McDonald’s saw a drop in profits over the last year as more and more families opt to eat at home to save ... The fast-food giant reported a 12 percent drop in net income from June 2023 to June 2024.
There is also a cap on wages subject to Social Security tax. It changes from year to year; the max Social Security taxable income for tax-year 2023 is $162,300, and for 2024 it’s $168,600 ...
McDonald's says low-income customers shied away from the chain in 2023 as prices increased. The company hopes to bring those customers back in 2024.
The Alternative Minimum Tax exemption amount for tax year 2023 is $81,300 for individual taxpayers and begins to phase out at $578,150. Those numbers are up from $75,900 and $539,900, respectively ...
The last two years included temporary changes to the tax code as a response to the pandemic and the economic havoc it wrought. In the 2022 tax year, many of those tax breaks expired. Yahoo Finance ...
In October 2022, the IRS announced there would be tax inflation adjustments made for the 2023 tax year. This includes an increase in standard deduction amounts for 2022 returns.
The chain plans to capitalize as consumers increasingly look for value in 2024. ... has been trying to fatten McDonald’s profits with its ... this year to add 1,900 new restaurants in 2023 ...
As for the annual gift tax exclusion – the amount of tax-free money you can give to another person in 2023 – is $17,000 (up from $16,000 in 2022). If a gift exceeds $17,000 in 2023, the excess ...