Business mileage tax deduction rate goes up in 2026
The Internal Revenue Service’s annual inflation adjustments are among the changes we’ll encounter in 2026. And today, the agency finally announced next year’s standard optional mileage rate amounts you can use next year to claim various deductible vehicular trips. The...
State Income Tax Changes
Nine states have individual income tax rate reductions taking effect: Georgia, Indiana, Kentucky, Mississippi, Montana, Nebraska, North Carolina, Oklahoma, and Ohio are all scheduled to see individual income tax rate reductions. Ohio will transition to a...
2026 Tax Solutions
“2026 tax solutions” encompass a range of changes enacted by recent legislation (the “One Big Beautiful Bill Act”) and annual IRS inflation adjustments, which include permanently extending existing tax rates and a higher standard...
Standard Deduction 2026 Amounts Are Here
The IRS released the 2026 standard deduction amounts you’ll use for your 2026 tax return — and they’re higher than ever. The IRS adjusts these amounts for each filing status every year. Since these adjustments are based on inflation, the standard...Lorem Ipsum is simply dummy text of the printing and typesetting industry. dummy text of the printing Ltting industry.
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