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IRS mileage rate now 62 5 cents per mile as gas prices soar

IRS takes an unusual step, one not taken in 10 years, to address higher gas prices. Will you see a boost in the mileage reimbursement?

United statesJames orilleyDoreen mayhewMark steberChuck rettigRevenue serviceJackson hewitt tax serviceUs bureau of labor statisticsSusan tompor detroit freeDetroit freeInternal revenue serviceTax cutsJobs actJackson hewitt taxArmed forces

Boom in Bitcoin, stock market triggers explosion in 2021 taxable gains

Tax professionals say clients are shocked by tax bills, after big gains in virtual currency and mutual funds.

United statesFort wayneTraverse cityJames orilleyMatthew cordesDoeren mayhewChristopher franzFidelity investmentsSusan tompor detroit freeDetroit freeUrban dictionaryWall streetDow jones industrial averageChicago based morningstar directMorningstar direct

Boom in Bitcoin, stock market triggers explosion in 2021 taxable gains

Tax professionals say clients are shocked by tax bills, after big gains in virtual currency and mutual funds.

United statesFort wayneTraverse cityJames orilleyMatthew cordesDoeren mayhewChristopher franzFidelity investmentsSusan tompor detroit freeDetroit freeUrban dictionaryWall streetDow jones industrial averageChicago based morningstar directMorningstar direct

Tax hit: Boom in Bitcoin, stock market triggers big bills

Tax professionals say clients are shocked by tax bills, after big gains in virtual currency and mutual funds.

United statesTraverse cityJames orilleyMatthew cordesDoeren mayhewChristopher franzFidelity investmentsSusan tompor detroit freeDetroit freeUrban dictionaryWall streetDow jones industrial averageChicago based morningstar directMorningstar direct

Early tax refunds are up but some wonder why their refund is smaller

The IRS issued 30 million refunds through Feb. 25 with the average refund hitting $3,473 up 15% from a year ago. But some see less than expected.

United statesJames orilleyAntonio brownDoeren mayhewRevenue serviceSusan tompor detroit freeDetroit freeWall streetInternal revenue serviceEarned income tax creditAmerican rescue planMichigan board

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