IRS Announces 2010 Standard Mileage Rates

Beginning on January 1, 2010, the standard mileage rates for use of a car (also vans, pickups or panel trucks) will be:

• 50 cents per mile for business miles driven
• 16.5 cents per mile drive ...December 3, 2009 - 3:00pm View full entry

  Social Security Maximum Released for 2010

   2010 OASDI Maximum remains $106,800

  Social Security's Old-Age, Survivors, and Disability Insurance (OASDI) program limits the amount of earnings subject to taxation for a given year. The same ...October 17, 2009 - 2:00pm View full entry

  First-Time Homebuyer Credit

  
  Equus’ Chris Munzke, CPA CRP discusses the impact of relocation on the 2009 First-Time Homebuyer Credit.
  
  For homes purchased in 2008, the First-Time Homebuyer Credit operates much like an inter ...July 1, 2009 - 7:00am View full entry

  IRS Announces 2009 Standard Mileage Rates

  Beginning on January 1, 2009, the standard mileage rates for use of a car (also vans, pickups or panel trucks) will be:

  • 55 cents per mile for business miles driven
  • 24 cents per mile driven ...November 25, 2008 - 11:00am View full entry

    Economic Stimulus Payment / Recovery Rebate Credit

    Should You Consider the Recovery Rebate Credit in Your Gross-Up Calculations?

    Per the IRS, the Economic Stimulus Payment is not taxable for federal income tax purposes. Since this payment is n ...November 1, 2008 - 8:00am View full entry

    Social Security Maximum Released for 2009

     2009 OASDI Maximum set at $106,800

    Social Security's Old-Age, Survivors, and Disability Insurance (OASDI) program limits the amount of earnings subject to taxation for a given year. The sam ...October 17, 2008 - 3:00pm View full entry

    IRS Raises Standard Mileage Rates Effective July 1, 2008

    Internal Revenue Service Announcement 2008-63 raises the standard mileage rate from $.505 per mile to $.585 per mile for all mileage incurred on or after of July 1, 2008.  The excludable mileage ra ...July 1, 2008 - 1:14pm View full entry