As your business's income grows, your tax bill will become more painful each year. We have a progressive tax system, which means most people pay less taxes on their first dollar of income than their ...

Driving can be more than just a part of your daily routine — it can also give you a deduction on your tax return. If you drive as part of your business, while volunteering for a charitable ...

The IRS has given at least one tiny glimmer of hope for your finances amid a backdrop of economic uncertainty: You can now increase your tax write-off for fuel costs. On Dec. 14, 2023, the agency ...

The IRS has announced that the 2026 standard mileage rate for business use is 72.5 cents per mile, the highest rate on record. Medical and military moving rates dipped.