IRS Makes Rare Midyear Change to Mileage Rates
In Announcement 2026-11, the IRS has announced that starting July 1, 2026, the revised standard mileage rates are: (1) Business: 76 cents per mile (up from 72.5 cents per mile) (2) Medical and moving: 23.5 cents per mile (up from 20.5 cents per mile) The mileage rate that applies to the deduction for charitable contributions… View Article Read Entire Article
Are You Relying Too Heavily on Your Credit Cards?
A recent survey from Clever highlights how heavily Americans depend on credit cards. The study finds that 53% of respondents carry credit card debt, with an average balance of $7,719 among those individuals. That debt is not spread evenly across cardholders. About 32% of those with balances owe $10,000 or more, while 9% report debt… View Article Read Entire Article
What to Know About Payroll: Have a Look for National Payroll Week
National Payroll Week runs this year from September 7-11. As PayrollOrg has said, it’s a chance to celebrate America’s employees and the payroll professionals who pay them. A long history There are a lot of fun facts about payroll we bet you didn’t know. Here are a few of them: The concept of payroll goes… View Article Read Entire Article
Money Market vs. High-Yield Savings Accounts
There are differences between Money Market and High-Yield savings accounts. Learn how they differ and which ones might be right for you.
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Understanding the Tax Consequences of Canceled Debt
When you borrow money and are legally obligated to repay it, you have a debt. If a creditor later forgives that debt or agrees to accept less than the full amount owed, the unpaid balance is generally regarded as canceled debt. Cancellation can occur for various reasons, such as when a creditor formally forgives a… View Article Read Entire Article
Never Mind April 15: It’s Tax Time Now!
It’s halfway through the year, and the IRS advises it's a great time for taxpayers to do a quick check to make sure they’re on a smooth track to next filing season. Read their tips here.
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Retirement: Redesigning the Third Act
Explore purpose in retirement to create a meaningful and rewarding Third Act.
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Understanding Trump Accounts
Trump Accounts explained: these new tax-advantaged accounts are designed to help families build long-term savings for children. Learn how they work, who qualifies, and what to consider when deciding if they fit your financial plans.
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Are Children Still Dependents After They Turn 17?
Child dependent after 17 rules can impact your taxes more than you think. Find out if you can still claim a dependent, what credits apply, and how IRS rules affect your situation. Understanding these details can help you avoid missed opportunities and make more informed tax decisions.
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