What is the IRS Mileage Rate?
January 1, 2023 Tax Deductions
The IRS mileage rate for 2022 is used to calculate the tax deduction for business travel expenses. To deduct business travel expenses, you must keep records of your travel …
Tag: standard
What is the Standard Deduction?
October 5, 2022 Tax Deductions
The IRS Standard Deduction is a set amount of money that the IRS allows taxpayers to subtract from their taxable income. This deduction helps reduce the amount of taxes …