The income tax deadline is April 15 for most taxpayers. But taxpayers in Florida, North Carolina, and other areas hit by ...

The Internal Revenue Service ended 2024 with new regulations on reporting cryptocurrency transactions, amendments for ...

The IRS is raising the 2025 business mileage rate to 70 cents per mile. Families and businesses must adapt to ensure fair ...

In 2024, the mileage rate was 67 cents a mile. Where can you download IRS tax forms? To download official IRS forms, go to the IRS website. If you know the form you need, enter the number into the ...

The IRS offers two ways to do so; using the standard mileage rate or deducting ... consider enlisting the help of a reputable tax professional. "Tax laws are an ever-changing maze, and a seasoned ...

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

Some dread doing taxes and wait until the last minute. But millions of others file early to get their tax refunds. What to ...

Investment Zen/Flickr.com (CC by 2.0) Form 2106 ... They can use the standard mileage rate, which means multiplying the IRS mileage rate for the tax year by the number of business-qualifying ...

Form 2106-EZ ... which must be claimed using the standard mileage rate. This entailed multiplying the IRS mileage rate for the tax year by the number of business-qualifying miles driven.

They lower your net profit and ultimately how much of your earnings get taxed, reducing your tax liability. The Internal Revenue Service uses ... year by the standard mileage rate of 67 cents.