Beginning on January 1, 2022, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: https://tax-turbo.com/ 58.5 cents per mile driven for business use, up 2.5 cents from the rate for 2021, 18 cents per mile driven for medical, or moving purposes for qualified active-duty members of …
An Education Credit Helps With The Cost Of Higher Education By Reducing The Amount Of Tax Owed On Your Tax Return <h2><strong>An education credit helps with the cost of higher education by reducing the amount of tax owed on your tax return. If the credit reduces your tax to less than zero, you may get …
Tax-Loss Harvesting <h2><strong>Tax-Loss Harvesting</strong></h2>What Is Tax-Loss Harvesting? Tax-loss harvesting is the selling of securities at a loss to offset a capital gains tax liability. This strategy is typically employed to limit the recognition of short-term capital gains. Short-term capital gains are generally taxed at a higher federal income tax rate than long-term capital gains. However, the method may also …
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Do You Own An Electric Vehicle? <h2><strong>Do You Own An Electric Vehicle?</strong><br /><a href=”https://tax-turbo.com/”>https://tax-turbo.com/</a><br />You may be eligible for a credit under Section 30D(a), if you purchased a car or truck with at least four wheels and a gross vehicle weight of less than 14,000 pounds that draws energy from a battery with at least …
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The Taxpayer Bill Of Rights: Protection For All Taxpayers <h2><strong>The Taxpayer Bill Of Rights: Protection For All Taxpayers</strong></h2> Two key elements of the IRS mission are to treat taxpayers with dignity and respect, and to provide them a positive customer experience. The Taxpayer Bill of Rights outlines the ten specific rights all taxpayers have any time they …
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