IRS has announced standard mileage rates for the year 2010.  Beginning with the new year, it will be 50 cents per mile for business miles driven for the use of a car.  
It will be 16.5 cents per mile driven for medical or moving purposes and 14 cents per mile driven in service of charitable organizations
For more details, please go to:
http://www.irs.gov/newsroom/article/0,,id=216048,00.html

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 Wish you happy holidays!
Here are couple of tax planning tips as we approach 2009 year end. 
If your real estate taxes are being impounded, you may be able to ask your lender to pay off both installment of taxes now!  This will generate the potential deduction for the 2nd installment during 2009.  Most likely, enough monies are sitting around […]

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