Tax Breaks for Education

Studies by the Government Accounting Office (GAO) show that many taxpayers who are eligible for education related tax relief don’t take advantage of it. The key reasons are:  There are too many programs. If one includes tax credits, expense deductions, and special savings programs, there are more

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Are Your Social Security Payments Taxable?

Are Your Social Security Payments Taxable? Sometimes they are. Make sure you understand the IRS’s rules. Do you receive social security benefits?  Maybe you have retired and are receive payments after working hard all your life.  Maybe you are disabled and receive payments as a result of

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2015 Standard Mileage Rates

  The IRS recently announced mileage rates to be used for travel in 2015. The business mileage rate increases by 1.5 cents while Medical and Moving mileage rates are lowered by one cent. Charitable mileage rates are unchanged. Standard Mileage Rates Mileage Rate/Mile Business Travel 57.5¢ Medical/Moving

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