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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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January 7, 2026   |   2026
2026 Mileage Rates

Beginning Jan. 1, 2026, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 72.5 cents per mile driven for business use, up 2.5 cents from 2025. 20.5 cents per mile driven for medical purposes, down a half cent from 2025. 20.5 cents per mile driven for moving … 2026 Mileage Rates

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December 11, 2025   |   2025
2025 Tips/Overtime Deduction “Cliff Notes” From Tax Newsletter with Updates

Tips/Overtime—IRS Notice 2025-69 2 2025-2028 Tax Years Tips: Must work in industry where Tipping is routine (e. g. Hair care) AND IRS specifies industry qualifies for Tip Deduction. Hyperlink lists industries and code numbers.  Tip is voluntary. Not subject to negotiation. Not “expected” or an arbitrary charge on customer bill. No additional service required for … 2025 Tips/Overtime Deduction “Cliff Notes” From Tax Newsletter with Updates

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July 25, 2025   |   0
Ohio Sales Tax Holiday

    State of Ohio Law has indicated that there will be a Sales Tax Holiday IF Ohio has a budget surplus (See Am. Sub. H.B. 33). Usually those days are August 1-3. For 2025, Ohio Taxation will be holding and extending the sales tax holiday from August 1-14, 2025 for purchases of almost anything … Ohio Sales Tax Holiday

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December 13, 2024   |   2024
2024 Ohio Tax Changes

From Annual Tax Newsletter:  Not Every change but the changes that affect most Taxpayers and Small Business. . . . Ohio Tax Law Changes, Individuals Tax Rates: If taxable income is under 26,050 Ohio Income Tax Rate is $0 (yes, you read that correctly). if taxable income is 26,051 to $100,000 Ohio Income Tax Rate … 2024 Ohio Tax Changes

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December 13, 2024   |   2024
IRS/Federal Tax Changes

2024 IRS/Federal Law Changes: Election year= campaigning. Not a lot of tax law changes. Not an all inclusive list, general changes from tax newsletter that affect small businesses and individuals Condoms are medical supplies and are tax deductible as medical expense. Check with HSA provider to see if Health Saving Account qualified. Corporate Transparency Act—Still … IRS/Federal Tax Changes

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January 20, 2023   |   2023
2022 Tax Season Refunds Processed in 2023 How fast will I have the CASH?!

pair of hands holding a ball of cash

Hopefully quicker than last year. . . according to the IRS refund cycle Chart (see below), 2022 Tax Returns (filed in 2023) with direct deposit should see refunds within two weeks.  Careful! this time frame is an estimate.  Technical difficulties, computer issues, Congregssional action etc could slow down processing times.   2023 IRS Refund Standard … 2022 Tax Season Refunds Processed in 2023 How fast will I have the CASH?!

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August 22, 2022   |   2022
What’s in the Inflation Reduction Act of 2022?

This is the repackaged “Build Back Better Junior”, passed August 16, 2022 and WON’T reduce inflation. It’s smoke and mirrors. Little/short lived savings. Lot of Government spending and power grabs. If have time, the full text download is available here. It’s light reading– only 273 pages (Sarcasm). Summary of major provisions. Medical: Obamacare: Extends Medical … What’s in the Inflation Reduction Act of 2022?

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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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