ocalafl - Crippen

Estate and Gift Tax Planning and the TCJA

Posted on June 3, 2024 (July 12, 2024) by Krystal Dale

It is somewhat unusual to highlight 2026 taxes in 2024, but we are in an unusual situation: Many of the provisions in 2017’s Tax Cuts and Jobs Act will expire at the end of 2025 unless Congress acts to extend them. Taxpayers need to be aware of how they will be affected so they can […]

IRS announces business standard mileage rate increases for 2024

Posted on December 22, 2023 by Krystal Dale

The Internal Revenue Service allows qualified taxpayers to deduct vehicle mileage related to business, charity, medical or moving expenses – but there are several rules to be aware of. Recently issued Notice 2024-08 outlines the optional 2024 standard mileage rates that taxpayers will need to use when computing the deductible costs in the upcoming year. […]

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Estate and Gift Tax Planning and the TCJA

IRS announces business standard mileage rate increases for 2024

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