Standard Business Mileage Rate
deepdive.24 Des 2024

Standard Business Mileage Rate

Are you self-employed and wondering how to maximize your vehicle-related business deductions? This episode covers everything you need to know about the IRS standard mileage rates for 2024 (67.0 cents per mile) and 2025 (70.0 cents per mile), how these rates are determined, and when you might want to consider switching to the actual expense method for a potentially larger deduction. Learn the key requirements for each method, the importance of maintaining accurate records, and why employees ca...

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Episoder(247)

You Got the Tax Deduction. But Do You Still Control the Money?

You Got the Tax Deduction. But Do You Still Control the Money?

A lawsuit involving a $21 million donor-advised fund is raising new questions about donor rights, charitable giving, and tax planning.

26 Jun 4min

Could Your Dog Qualify for a Tax Break? A New Proposal Says ‘Yes!’

Could Your Dog Qualify for a Tax Break? A New Proposal Says ‘Yes!’

New Jersey's proposed $900 pet tax credit is reigniting debate over whether pet owners should receive tax relief for everyday expenses.

25 Jun 4min

Florida Is Rethinking Property Taxes. Other States Are Watching Closely.

Florida Is Rethinking Property Taxes. Other States Are Watching Closely.

Florida lawmakers are pursuing major property tax changes. Here's why homeowners across the country are paying attention.

25 Jun 4min

Why an IRS Online Account Matters — And How to Create One

Why an IRS Online Account Matters — And How to Create One

An IRS online account offers a faster, more convenient way to manage many tax tasks from your computer or phone — from checking your refund to viewing tax transcripts to setting up payments — without ...

23 Jun 4min

The Businesses Winning Right Now Aren't Better Predictors. They're Better Planners.

The Businesses Winning Right Now Aren't Better Predictors. They're Better Planners.

CEO confidence just experienced one of its sharpest declines on record. Here's why smart business owners focus less on predicting the economy and more on planning for what comes next.

23 Jun 3min

Trump Accounts Go Live July 4. What to Do Now to Avoid Losing Out

Trump Accounts Go Live July 4. What to Do Now to Avoid Losing Out

With the federal launch of Trump Accounts scheduled for July 4, 2026, parents and family members who want to jump-start a child’s retirement savings face a rapidly approaching deadline to get accounts...

19 Jun 4min

The Lean Revolution: How AI Is Creating a New Class of Small Business Owners

The Lean Revolution: How AI Is Creating a New Class of Small Business Owners

AI tools are helping entrepreneurs launch and grow businesses faster with lower costs and fewer employees. Learn how small business owners are using AI to stay lean, competitive, and profitable.

19 Jun 4min

Why Your P&L Is Lying to You (And What Your Cash Flow Is Trying to Tell You)

Why Your P&L Is Lying to You (And What Your Cash Flow Is Trying to Tell You)

Revenue is up—but cash is tight? Discover why your P&L can mislead you and how expense ratios reveal where your money is really going.

17 Jun 4min

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