IRS changes mileage rates
By Leada Gore | lgore@al.comThe Internal Revenue Service is boosting its optional standard mileage rate for 2024. Beginning Jan. 1, 2024, the standard mileage rates for the use of a motor vehicle…
Here’s where to invest your cash to save on taxes in 2024
If you’ve poured cash into money market mutual funds, you could see a higher 2023 tax bill in April. But other investments could reduce your 2024 taxes, experts say.Investors and institutions have…
IRS rejects more than 20,000 refund claims for pandemic-related tax credit
The IRS is sending more than 20,000 rejection letters to taxpayers who wrongly claimed a pandemic-era tax break as the agency continues its crackdown on “dubious” filings.Created to support small businesses during the Covid-19…