Business Standard Mileage Rate Increases for 2026
The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business...
About Victoria Bogdanovich
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Victoria Bogdanovich has contributed 176 entries to our website, so far.
Big Changes Hit Federal Student Loan Program
Jan 1, 2026
Recent changes to the federal student aid program have drastically shifted the way many Americans will pay for college in...
IRS Clarifies Health Savings Account Changes in H.R. 1 in New Notice
Dec 29, 2025
The IRS provided guidance Tuesday on new tax benefits for health savings accounts (HSAs) that include allowing bronze and catastrophic...
About 1 Million Taxpayers to Get Automatic Penalty Relief Next Year
Dec 25, 2025
The IRS will provide penalty relief to about 1 million taxpayers automatically starting next year, the national taxpayer advocate (NTA)...
IRS Clarifies How Employees Can Claim 2025 Tip and Overtime Deductions
Dec 22, 2025
The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year...
Recent Posts
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- Taxpayers Advised They Can Ignore CP53E Notice — After Verifying Error May 18, 2026
- IRS Finalizes Deduction Rules for Tips, Adds Eligible Jobs April 20, 2026
- IRS Dirty Dozen Adds New Capital Gains Scheme for 2026 April 16, 2026
- New Schedule 1-A for Tips, OT, Car Loans, and Senior Deductions Published March 12, 2026