IRS standard mileage rate for 2020
The IRS has set the 2020 standard mileage deduction rate for travel related to business, medical, moving and charitable purposes. –Mary-Benham B. Nygren
Quick Lesson about Required Minimum Distributions
What you need to know about taking Required Minimum Distributions from retirement accounts.–Alyson L. Stevenson
IRS Debuts New Form 1040-SR for Seniors
The IRS is introducing a new Form 1040 form designed specifically for seniors: Form 1040-SR. –Jo-Ann Martin
New York State increases small estate threshold to $50,000
Estates of New York decedents with probate estates of $50,000 or less can be administered under a simplified proceeding. –Nicole A. Place
Avoid email phishing scams
How to recognize and avoid email phishing scams. –Elena N. O’Leary, CPA
Taxpayers who donate to charity should check out these resources
Donating to a charity not only supports your charitable organization, but can also benefit you through a tax deduction. However, not all donations are eligible for deductions. –Elena N. O’Leary, CPA