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Looking ahead to 2025 tax limits as you prepare to file your 2024 return

by Anne Angera | Feb 5, 2025 | Resources For Individual Taxpayers

Chances are, you’re more concerned about your 2024 tax return right now than you are about your 2025 tax situation. That’s understandable because your 2024 individual tax return is due to be filed by April 15 (unless you file for an extension). However, it’s a good...

The standard business mileage rate increased in 2025

by Anne Angera | Feb 5, 2025 | Resources For Employers, Resources For Individual Taxpayers

The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage rate used to calculate the deductible cost of operating an automobile for business has also gone up. The IRS recently announced that the 2025 cents-per-mile...

DOL’s final rule on overtime eligibility appears doomed

by Anne Angera | Feb 5, 2025 | Resources For Employers

In April 2024, the U.S. Department of Labor (DOL) announced it was rolling out a new final rule on eligibility for overtime pay. The move prompted mixed reactions from observers, much concern among employers and, inevitably, legal challenges from its staunchest...
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Recent Posts

  • IRS releases guidance on new depreciation deduction
  • April 15 is the deadline for more than just your income tax return
  • Quadrupled SALT deduction limit means more taxpayers will benefit from itemizing on their 2025 returns
  • Not all “business” expenses are tax deductible
  • DunlapSLK welcomes Stephanie Krupp as our newest Shareholder!

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