mileage deduction rate 2020

This year, the optional standard mileage rate used to calculate the deductible costs of operating an…

early bird tax filing benefits

The IRS announced it is opening the 2019 individual income tax return filing season on January…

home office expenses

Technology has made it easier to work from home so lots of people now commute each morning to an office down the hall. However,…

As part of a year-end budget bill, Congress just passed a package of tax provisions that…

sales tax obligations

In its 2018 decision in South Dakota v. Wayfair, the U.S. Supreme Court upheld…

side job tax obligation

The number of people engaged in the “gig” or sharing economy has grown in recent years, according to a 2019 IRS report. And there…

adoption tax breaks

If you’re adopting a child, or you adopted one this year, there may be significant tax…

medical expense deduction

As we all know, medical services and prescription drugs are expensive. You may be able to deduct some of your expenses on your tax…

end of year tax tips

At this time of year, many business owners ask if there’s anything they can do to save tax for the year. Under current tax…