2017 Standard Mileage Rates

The IRS recently announced mileage rates to be used for travel in 2017. The business mileage rate decreases by 0.5 cents while medical and moving mileage rates are lowered by 2 cents. Charitable mileage rates are unchanged. 2017 Standard Mileage Rates Mileage Rate/Mile Business Travel 53.5¢ Medical/Moving

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Preview of Some Key 2017 Tax Figures

 Preview of Some Key 2017 Tax Figures While official numbers for 2017 are not yet released by the Internal Revenue Service (IRS), many figures are based on the Consumer Price Index (CPI) published by the Department of Labor. Using the release of recent CPI figures, a number

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In the News: The Student Tax Scam

In the News: The Student Tax Scam IMPORTANT: Please pass this information on to each of your children and any family with kids in school. Your best defense is awareness. With school just around the corner, the IRS has reminded us to pay attention to a new

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Charitable Donations from Your IRA

Charitable Donations from Your IRA  One of the temporary tax provisions made permanent as part of the tax code in late 2015 is qualified charitable distributions from IRAs for those who have reached age 70½. Unfortunately in 2014 and 2015, the law was extended too late during

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