In recognition of recent gasoline price increases, the IRS announced an increase in the standard mileage rates for the rest…
More Business Meals in 2022
The temporary provision that allowed meals to be 100 percent deductible in2021 remains unchanged for 2022. The Provision allows for…
Tax Deduction vs Tax Credit: More Savings
Tax Deductions What is a tax deduction? A tax deduction is an allowable expense that is used to lower your…
More Meals in 2021
Certain meal expenses are 100 percent deductible in 2021. A temporary provision allows for a 100 percent deduction of expenses…
Give to Charity, Get a Tax Deduction
Taxpayers saw an extended tax benefit in 2020 for their charitable contributions. The Taxpayer Certainty and Disaster Tax Relief Act…