The IRS has announced 2017 optional standard mileage rates for calculating deductible costs of using automobiles (cars, vans and pick-up or panel trucks) in business, medical, moving and charitable capacities.
Effective January 1, 2017, these rates will be set to:
These rates apply to employees, self-employed individuals and other taxpayers. However, taxpayers can always choose to compute the actual costs of operating their vehicles instead of using the standard mileage rates.
Click here to read the full IRS announcement. For more information, contact your Rehmann advisor.
If you're limiting your CPA to "only" filling your taxes, you're overlooking a host of services that could m... Read more.
In this issue of BWD magazine we help highlight some of the problems you might encounter by researching job applicants online, illustrate why HR outsourcing might be the solution your growing business needs and help you plan for tax season. Read more.