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The Standard Business Mileage Rate Is Going Up In 2023
Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used...
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The “Kiddie Tax” Hurts Families More Than Ever
Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from...
Do You Still Need to Worry About the AMT?
There was talk of repealing the individual alternative minimum tax (AMT) as part of last year’s tax reform legislation. A repeal wasn’t...
New Individual, Estate and Trust Rate Schedules
With the new tax law changes, we will be posting a series of of updates outlining all the changes that will take...
Standard mileage rates will go down in 2016
Optional standard mileage rates for business use of a vehicle will go down beginning January 1st, 2016, the IRS announced on Thursday. For...