by DunlapSLK | Jan 3, 2024 | Resources For Employers, Resources For Individual Taxpayers
The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business went up by 1.5 cents per mile in 2024. The IRS announced that the cents-per-mile rate for the business use of a car, van, pickup or panel truck will be 67...
by DunlapSLK | Dec 14, 2023 | Resources For Individual Taxpayers
A number of factors are making 2023 a confounding tax planning year for many people. They include turbulent markets, stabilizing but still high interest rates and significant changes to the rules regarding retirement planning. While much uncertainty remains, the good...
by DunlapSLK | Dec 14, 2023 | Resources For Individual Taxpayers
The IRS recently issued its 2024 cost-of-living adjustments for more than 60 tax provisions. With inflation moderating slightly this year over last, many amounts will increase over 2023 amounts but not as much as in the previous year. As you implement 2023 year-end...
by DunlapSLK | Jul 28, 2023 | Resources For Employers, Resources For Individual Taxpayers
President Biden has signed into law the new debt ceiling agreement that he reached with U.S. House of Representatives Speaker Kevin McCarthy (R-CA). The Fiscal Responsibility Act (FRA) suspends — as opposed to raising — the debt ceiling until 2025, after the next...
by DunlapSLK | Apr 11, 2023 | Resources For Individual Taxpayers, Uncategorized
If you’re a parent or grandparent with college-bound children, you may want to save to fund future education costs. Here are several approaches to take maximum advantage of the tax-favored ways to save that may be available to you. Savings bonds Series EE U.S. savings...
by DunlapSLK | Apr 7, 2023 | Resources For Employers, Resources For Individual Taxpayers
President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget, which aims to cut the deficit by nearly $3 trillion over 10 years, includes numerous provisions that would affect the tax bills of both individuals and...