The IRS has released the 2021 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. The following chart reflects the new 2021 standard mileage rates compared to the 2019 and 2020 tax year standard mileage rates. Business Purpose 2021 2020 …
What You Need to Know About The Remaining Estimated Tax Payment in 2020
Don’t forget: if you pay estimated #taxes, your third quarter payment is due today, Sept. 15.* Our tax system is pay-as-you-earn. That’s typically done by an employer withholding from an employee’s wages. But when there’s no per-paycheck tax collection system in place, say for business owners paying themselves, the payment responsibility falls on the person …
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