If you drive your personal vehicle for business or certain other purposes, you can deduct your actual costs or rely on an IRS-set mileage rate. The IRS announced the rates for 2018; the rates for business and medical/moving expenses are one penny more…
Why did you join the military? Chances are the answer to that is quite complex. It likely includes a measure of having a desire to serve our country combined with the potential financial benefits of a military career. Succeeding in the military can be …
The Internal Revenue Service opened for the 2018 tax season on Monday, Jan. 29. And while you may be among the many taxpayers across the country busy collecting tax documents and filing returns, there is a reason to be cautious as you work. Each year, …
As a small business owner, there are a variety of expenses you can use as tax deductions. Take a look at these common small business tax deductions and see if you qualify.1. Cost of goods soldIf you buy goods to sell, or if you make them yourself, you …
Tax moves to make before 2018First, the good news. A lot of households under the GOP tax plan, which President Trump is set to sign into law this week, will see a lower tax bill in the next several years. The nonpartisan Joint Committee on Taxation es…
The GOP tax bill explainedPresident Trump has hailed the GOP tax plan as a “giant tax cut” for the middle class. While many people will pay less tax in the next few years, just how much less will vary greatly. Plus, some individuals will end up paying …
Steven Mnuchin: Taxes will go up for the richPresident Trump said H&R Block would go out of business because his tax overhaul would be so simple. But the plan Republicans and Trump came up with almost certainly won’t put tax preparers out of busine…
