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 ...
After years of discussion around the possibility of a road usage charge system to replace the state gas tax as a primary ...
SARASOTA, Fla., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Tax season is here, and being prepared can make the process much smoother. MileageWise, the IRS-proof mileage tracking expert shares IRS-backed tips ...
If you are at least 65 or blind, you can claim an additional standard deduction benefit worth $1,950 for 2024. The extra deduction amount is doubled if you and your spouse meet that criteria. For ...
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Since the Maryland General Assembly convened for a ninety-day session last month the state budget has been the focus of ...
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The Pros And Cons Of Leasing A Hybrid VehicleWe've been seeing a dramatic shift in the U.S. automotive landscape as of 2025, with hybrid cars increasing in demand like we ...
These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...
By C. Robert Holcomb and Gary Hachfeld, University of Minnesota Extension The new “2007 Ag Income Tax Update for Farm Families” from University of Minnesota Extension outlines tax law changes ...
Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division.
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