IRS Raises Mileage Rates Midyear: What You Need to Know

August 1, 2026 | 0 views

For the first time since 2022, the IRS is changing standard mileage rates in the middle of the tax year. If you track business, medical or moving miles, this matters. Starting July 1, 2026, the numbers go up, and your...

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Tips for Early Retirement Planning

July 1, 2026 | 0 views

Retirement planning starts with retirement spending. Ideally, retirees are mortgage-free and relatively debt-free before they leave the working life behind. In retirement, a key strategy is to maintain low monthly staple expenses.Therefore, if you want to devise a financial plan...

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Supreme Court Will Decide What Homeowners Are Owed When Tax Sale Erases Equity

July 1, 2026 | 0 views

A county in Michigan was owed about $2,200 in back taxes. To collect it, the government took a home worth close to $200,000, auctioned it for a fraction of that, and called the matter settled. The family is now putting...

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Understanding Depreciation Recapture

July 1, 2026 | 0 views

This accounting and tax method refers to a treatment used by the Internal Revenue Service (IRS) to obtain tax remittances on sales of depreciated property. Understanding how it works is essential for filers to make the most of it.Required ConditionsAs...

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Securing Funding for Border Patrol, Homeland Security and Small Businesses

July 1, 2026 | 0 views

Secure America Act (S 2) – The Secure America Act is a federal budget reconciliation bill that funds homeland security. It was introduced by Sen. Lindsay Graham (R-SC) on May 20. The bill allocates $22.6 billion to Customs and Border...

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