Looking for 2023/2024 IRS updates…..so are we!!!

As many know, IRS is notorious for holding out on all the important updates. They enjoy leaving us all on pins and needles waiting for what’s to come!! In the meantime, our staff will be diligently working on keeping you up to date with all that is going on in the IRS world!! Be on the lookout for future webinars to keep you as informed as possible on future IRS changes and how it will affect you and your business! Important information updates to know so far:

Mileage rates for 2023 are as follows:

Business mileage - 65.5 cents per mile.

Medical mileage – 22 cents per mile

Charitable mileage – 14 cents per mile

IRS states 2024 mileage rates will be:

Business mileage - 67 cents per mile

Medical Mileage - 21 cents per mile

Charitable mileage - 14 cents per mile

Trumps bill is set to sunset in 2024. We will wait to see what Congress does in their March session, and if there will be any extensions approved.