Welcome

I try to add tax blog articles weekly on tax topics that may be interesting to you. Please browse. If there is a topic you would like to see here or would like to more information on, please contact me.

Find Out More

My Tax Blog

December 16, 2020   |   2021
2021 Standard Mileage Rates:

Tahoe utility setting at the water's edge of a beach

  Beginning on Jan. 1, 2021, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: • 56 cents per mile for business use • 16 cents per mile driven for medical purposes • 14 cents per mile driven in service of charitable organizations

Continue Reading

October 22, 2020   |   0
I WANT A CHOICE TOO—Editorial

Man and woman with american flag wrapped around their shoulders

  Currently choice is one of the buzzwords.  Usually it refers to something I don’t agree with. However, when it comes to personal freedom and governmental affairs I want: A choice to select the exact health insurance coverage I need and can afford. Choice denied under Obamacare. For example, I don’t need maternity care and … I WANT A CHOICE TOO—Editorial

Continue Reading

October 7, 2020   |   0
Medical Expense Tax Deduction When Don’t Have Enough to Itemize

arm on a table with Bp cuff attached

In certain circumstances, medical expenses can be deducted on the tax return without itemizing. To see if that option is a good fit for you, some questions: Do you have medical insurance coverage through work or through a family medical insurance plan? Is the medical insurance plan deductible (out of pocket) more than $1,400 for … Medical Expense Tax Deduction When Don’t Have Enough to Itemize

Continue Reading

September 16, 2020   |   2020
Penalty Free Retirement Plan Withdrawals—CARE ACT 2020 Tax Year ONLY

Pair of hands holding empty wallet

The other day someone affected by the COVID related business slowdown asked,  . . .”I have bills to pay, heard something on the news about the CARES Act allowing a penalty free (NOT TAX FREE)  retirement account distribution. What is the “penalty”? Do I qualify for a penalty free distribution? How to determine the taxes … Penalty Free Retirement Plan Withdrawals—CARE ACT 2020 Tax Year ONLY

Continue Reading

August 27, 2020   |   0
IRS Pays ME Interest?!

clock with stack of coins

Yes, under certain conditions. FOR TAXPAYERS: The IRS must pay interest if the taxpayer’s tax refund is paid more than 45 days after the tax return due date.   Because of the COVID-19 shutdown, some individual taxpayer refunds have interest added.  Extra money from the IRS . . .Yay! Careful: CATCH22!! IRS interest received is taxable. … IRS Pays ME Interest?!

Continue Reading

Categories