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Self-employed workers can claim their mileage deduction on their Schedule C form, rather than the ... If you're audited, the IRS will want to see a log that includes dates, destinations and ...
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Is Car Loan Interest Tax Deductible?
Collect loan statements showing the total interest paid, plus receipts and a mileage log ... by the IRS rate. For example, ...
If you worked a side gig in 2024 and haven't filed your taxes yet, you need to put time aside right now and work on them as ...
An audit occurs when the IRS chooses to review a taxpayer’s accounts and financial information to ensure the taxpayer reported all required income and followed all tax laws. The IRS typically audits ...
The Trump administration is planning to end the free tax filing service developed during the Biden administration, The ...
From a market-based perspective, user fees that pay for public roads should be based on the amount that drivers use them. Instead, California assesses such fees through a tax on gasoline that only ...
Get a bigger refund by knowing which work expenses you can write off, whether you're a W-2 employee or self-employed.
“The state is exploring implementing a California Road Charge, which would replace the gas tax with a mileage-based user fee for drivers who use the roads,” reported ABC 30 ...
The IRS is close to finalizing an agreement with the Department of Homeland Security to help locate migrants suspected of being in the US illegally, a person familiar with the matter said ...
Here are seven tax topics that seem innocent but can cause problems if not handled correctly. 1. Gambling winnings. If you receive a tax form at a casino for your winnings, that information is ...