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Archives for December 2017

Trump’s Tax Plan: 4 Things You Need To Know

December 26, 2017 by Michael Zola

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 […]

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Filed Under: Tax Tips Tagged With: personal taxes, savings, tax reform, tax savings, Tax Tips, taxes

IRS Issues 2018 Standard Mileage Rates

December 16, 2017 by Sally P. Schreiber, J.D.

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 […]

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Filed Under: Tax Tagged With: IRS, tax law, tax payers, tax prep, taxes

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