Business Mileage Rate Is Up for 2025
These rates apply to gasoline and diesel-powered vehicles and electric and hybrid-electric automobiles. To protect your deduction, don’t forget to keep detailed mileage records.
Married Filing Separately: When It May Make Sense
Filing joint tax returns generally results in the lowest tax bill for married couples. However, in some circumstances, they may pay less taxes if they file separately, such as when one spouse has large medical expenses.
7 Year-End Tax Planning Tips for Individuals
As the holidays approach, it’s time to consider tax planning moves that will help lower your 2024 taxes and set you up for tax savings in future years. Here are seven year-end tax planning ideas to consider.