Now that both houses have approved the Tax Cuts and Jobs Act, it is certain 2018 will be the year of reform. Most of the details of the plan are set and we can now plan to do things before the end of 2017 that will create tax savings. There is no time to waste […]
Archives for December 2017
IRS Issues 2018 Standard Mileage Rates
The optional standard mileage rates for business use of a vehicle will increase slightly in 2018, after decreasing in the two previous years, the IRS announced Thursday (Notice 2018-3). For business use of a car, van, pickup truck, or panel truck, the rate for 2018 will be 54.5 cents per mile, up from 53.5 cents […]