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I try to add tax blog articles weekly on tax topics that may be interesting to you. Please browse. If there is a topic you would like to see here or would like to more information on, please contact me.

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My Tax Blog

June 15, 2022   |   2022
Midyear Mileage Rate Increase

Oustide gas station at night. trick parked by one of the pumps

Midyear Mileage Rate Increase The pain of the gas pump has gotten so bad that the IRS wants to help with a midyear mileage rate increase (Yes its only 4 cents . . .). Translation: larger tax deduction for business and medical mileage. Midyear mileage rate changes are rare. . . New IRS Mileage rate Midyear Mileage Rate Increase

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December 30, 2021   |   2021
Year End Tax Savings. . . for 2021

Man & woman setting at desk with papwers. Man is covering face with hand head lowered. Woman is covering her mouth with her hand

  The year is over tomorrow and taxes were back burnered. . . (no pressure). What to do, don’t want to owe . . . As requested. . . For individuals: Pay outstanding medical bills. Keep track of total medical paid (doctor, hospital, labs, prescriptions, medical mileage, medical insurance paid out of pocket etc) for Year End Tax Savings. . . for 2021

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December 21, 2021   |   2021
Odds & Ends 2022 Mileage Rates

pile of gifts wrapped in metallic gold and metallic red gift paper

  In case you haven’t heard, Congress gave the IRS and all taxpayers like you a gift for Christmas (maybe not what you expected). They have paused the Build Back Better debate for 2021. The law may be considered again for passage in 2022 session. IF the law had been passed this late in the Odds & Ends 2022 Mileage Rates

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December 9, 2021   |   2021
Facts & Figures 2021 Tax year & Some For Tax Year 2022

calculator and notepad hand with pen is writing on notepad

  Build Back Back Better (“BBB”) is still being negotiated So here is something a little more concrete: The numbers and limits for 2021 tax season: FACTS & FIGURES, TBA=To be announced                                          Tax Year 2021                 2022 Social Security COLA                                                                                             1.3%                           5.9% Part B premium- income < $85,000                                                                 Facts & Figures 2021 Tax year & Some For Tax Year 2022

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December 16, 2020   |   2021
2021 Standard Mileage Rates:

Tahoe utility setting at the water's edge of a beach

  Beginning on Jan. 1, 2021, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: • 56 cents per mile for business use • 16 cents per mile driven for medical purposes • 14 cents per mile driven in service of charitable organizations

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October 2, 2018   |   0
Track that Mileage Expense!

Car dashboard with mileage odometer

Reminder, track those auto expenses. Every little bit adds up. There are two ways to calculate auto expenses: actual expense and mileage. Actual expense method includes auto maintenance cost, (oil changes, tire rotations etc), minor repairs (tires, windshield wipers, etc), auto insurance, personal property taxes, garage rent, gas, oil, fluids, depreciation, tolls, vehicle registration (tags) Track that Mileage Expense!

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