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Video Tips: Check Out the Standard Mileage Rates for 2024

The IRS has announced the new standard mileage rates to be used for automobile tax deductions in 2024....

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2024 Standard Mileage Rates Announced

As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2024 optional...

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Clean Vehicle Credit Can Be Transferred to Dealer to Offset Purchase Price

Beginning in 2024, a special election allows a taxpayer purchasing a new clean vehicle or previously...

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Converting Personal Vehicles to Business Use: A Comprehensive Guide

Explore our comprehensive guide on converting personal vehicles to business use. Learn about the tax...

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Video: Here is What Taxpayers Need to Know to Claim the Previously-Owned Clean Vehicle Tax Credits

Here is what taxpayers need to know to claim the previously-owned clean vehicle tax credits....

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Video Tips: Check Out the Updates for Clean Vehicle Tax Credits

The Inflation Reduction Act of 2022 made several changes to the tax credits provided for qualified plug-in...

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Considering a New or Pre-Owned Electric Vehicle? Read This First to See If You Will Benefit From a Tax Credit

2023 brings with it a whole new set of rules related to qualifying for the tax credit for purchasing...

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Wow! You Can Now Get a Tax Credit For Buying a Used Electric Vehicle

2023 brings with it a whole new set of rules related to qualifying for a tax credit for purchasing a...

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Planning On Buying a New Electric Vehicle and Claiming a Tax Credit? Better Read This First

Although the credit for purchasing a new electric vehicle can still be as much as $7,500, Congress has...

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2023 Standard Mileage Rates Announced

As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2023 optional...

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Electric Vehicle Credit Undergoes Major Overhaul

With the recent passage of the Inflation Reduction Act of 2022, the electric vehicle credit has undergone...

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IRS Announces Mid-Year Optional Vehicle Mileage Rate Increase

With gas prices soaring it has been expected the IRS would increase the mileage rate that business owners...

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