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If you use your car for deductible moving or medical purposes, you can add the cost of driving based on a standard mileage rate. For 2008, the rate is 19...

Relatives may receive Medicaid payments for the care of a disabled child in the caregiver’s home. Previously, the IRS said such payments are treated for income tax purposes as “difficulty of care ...

The IRS has been using various technologies to improve customer service, one of which is voice bots. To date, voice bots have answered over 3 million taxpayer calls. Now taxpayers can use voice bots t...

The IRS interest rates on overpayments and underpayments for the second quarter of 2023 are the same as the rates for the first quarter of 2023 (Rev. Rul. 2023-4). The rates beginning April 1, 2023, a...

The Small Business Jobs Act of 2010 passed the Senate on September 16, 2010, and is expected to pass the House soon and be signed into law. The Act contains $12 billion in tax cuts and is designed to ...

The National Taxpayer Advocate is required to issue an annual report to Congress listing problems and concerns, and how to create a better experience for taxpayers. The 2022 Annual Report to Congress ...

Changes in the tax law provide several breaks for purchasing a new vehicle. These changes, combined with dealer incentives, make it a great time to purchase a vehicle. As your car ages, decide whethe...

By Leland B. Hevner, President of the National Association of Online Investors I don't have to tell you that 2008 was a disaster for individual investors. It was the worst year for stocks since 193...

The IRS adjusts more than five dozen items annually for inflation. Due to significant inflation over the past year, the tax brackets and many items have been increased—sometimes dramatically—for 2...

Whether gain or loss on the sale of the land held for development is ordinary income (or loss) or capital gain (or loss) depends on the situation. If land is held as inventory for sale to customers in...