It is common in many states that parents who are behind in their child support payments may have their driver’s license suspended and/or a hold placed on their passport. Now IRS is getting into the same mode with a plan that if you fail to pay your taxes timely, they want to place a hold…
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IRS Mileage Rate Going Up in 2015
If you use the optional standard mileage rate when calculating deductible costs of driving your vehicle (vs. actual costs) for business, the rate per mile is going up on January 1, 2015. The new rate will be 57.5 cents per mile vs. 2014’s 56 cents per mile. Details are at IRS.gov as to the rates and…