Mistakes can happen when preparing a tax return — and that can cause delays or even rejected returns. Knowing what to lookout for can help you help your tax preparer to avoid errors. Common errors Here are some common errors you should look out for: Missing or inaccurate Social Security numbers: Each Social Security number […]

Your tax filing status generally depends on being married or unmarried on the last day of the year – which means that your marital status as of December 31, 2024, determines your tax filing options for all of 2024. For filing purposes, the IRS generally considers you as married if you are separated but not […]

The IRS has announced that the optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024. Optional standard mileage rates are used to calculate the deductible costs of operating vehicles for business, charitable and […]