Tax audits, which affect less than 0.4% of returns, are triggered by discrepancies flagged via an IRS statistical formula. Common triggers include incomplete returns, math errors, inaccurate ...

After more than a decade of tabletop exercises, pilot programs and studies, the legislature is finally going to take up the ...

The three-year, 10% tax credit is designed to help offset the costs associated with replacing two existing railcars with a new railcar that improves fuel efficiency or capacity by at least 8%, or ...

After years of discussion around the possibility of a road usage charge system to replace the state gas tax as a primary ...

We've been seeing a dramatic shift in the U.S. automotive landscape as of 2025, with hybrid cars increasing in demand like we ...

Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division.

The 2024 mileage rate for use of your vehicle to do volunteer work for certain charitable organizations is 14 cents a mile.

With no recurring subscriptions, users can maximize savings while accessing advanced features like retrospective trip ...

New Hampshire is the cheapest state to own a car, thanks to its low insurance premiums and the fact that it does not charge a ...

Taxpayers who claim the standard mileage rate deduction for the miles they log for business purposes will be able to write ...

If you are starting a business, it is essential that you familiarize yourself with all of the necessary tax forms you will need to file with the IRS and the various taxes you will be required to pay.

The 2025 tax season got underway this week as the Internal Revenue Service began accepting 2024 tax returns. Those who are planning their 2025 tax strategy might want to review tax changes in the ...