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58.5 cents is the standard mileage rate for
The basic Medicare Part B monthly premium will rise for 2022 to
In mid-October, the Social Security Adminstration announced a historic cost-of-living adjustment (COLA) to benefits for 2022. The 5.9% COLA increase i...
Nonitemizers can write off up to $300 for 2021 in charitable cash contributions as an above-the-line deduction on their 2021 Form 1040. This means fil...
The Social Security wage base rises in 2022 to $147,000, a $4,200 hike. The Social Security tax rate on employers and employees stays put at
The good news is that the IRS is making progress on processing returns. As of June 25, there were 16.7 million 2019 and 2020 Forms 1040 waiting for ac...
Oct. 15th is the deadline for taking important actions: Filing returns of individuals and calendar-year C corporations that are on
The Social Security wage base cap is expected to be $146,700 for 2022, up $3,900 from this year's
The extended deadline for 1065 Partnerships and 1120 S Corps is Sept.
There are lots breaks for buyers of business vehicles under the tax laws. The annual depreciation caps for passenger autos rise a bit in 2021. If bonu...
Trucker's Form 2290 is due August 31,
Here's an idea to help a child or grandchild who is working this summer: You can contribute to a Roth IRA for him or her up to $6,000 in 2021, but not...
Still waiting for your tax refund on your timely filed 2019 or 2020 return? Millions of others are in the same boat if that makes you feel any better....
Summer Day Camp Costs Qualify for the Dependent Care
The IRS is on track to implement statutory changes to the 2021 child tax credit. The IRS will begin making advance payments of the credit on July