Wednesday, December 05, 2012

NEW MEDICARE TAX ON INVESTMENT INCOME

The IRS has issued information answering common questions about the new 3.8% Medicare tax on investment income. If you are married and have combined gross income of less than $250,000, or are single with less than $200,000, this tax does not apply to you. If you exceed these amounts, this page will be useful in understanding how this new tax will affect you.  

Monday, January 16, 2012

2012 MILEAGE RATES

The deductible business mileage rate for 2012 is 55 cents per mile. Medical and moving mileage rate will be 23 cents per mile, and the charitable rate remains 14 cents per mile.