Tax

The IRS announced that for the final 6 months of 2022, the standard mileage rate for business travel will be 62.5 cents per mile, up 4 cents from the rate effective at the start of the year.  While fuel…

Teachers and other educators planning ahead for 2022 will be able to deduct up to $300 of out-of-pocket classroom expenses when they file their federal income tax return next year. This is the first time…

Starting in 2022, you must file quarterly returns and must do so online on the Philadelphia Tax Center. They will no longer accept paper returns. Your first filing due date in the new schedule is May 2…

Since the start of the pandemic, many have found new employment outside of the traditional 9-5 workday. If you earned income from a freelance gig, you’ll need to report that on your taxes. Even if you…

It seems unlikely that the federal government will distribute a fourth stimulus check at this time. But even though the federal government is not issuing an official fourth stimulus check for everybody…

A special tax provision will allow more Americans to easily deduct up to $600 in donations to qualifying charities on their 2021 federal income tax return. Ordinarily, people who choose to take the standard…

The Internal Revenue Service reminds taxpayers that the last quarter of 2021 is a good time to check withholding. Life brings constant changes to individual financial situations. Events like marriage,…

Philadelphia has already paid back more than $81 million in wage taxes to suburban residents who worked from home last year instead of commuting to the city — and officials are still processing refund…

Victims of Hurricane Ida in parts of Pennsylvania now have until Jan. 3, 2022, to file various individual and business tax returns and make tax payments. The IRS has also provided relief to Ida victims…

The IRS issued its annual inflation-adjusted update of depreciation limitations for passenger automobiles (including passenger vans and trucks) placed in service in 2021 (Rev. Proc. 2021-31). The revenue…