2023 Mileage Rate Increase
The IRS has released its regularly scheduled announcement for the annual increase in the standard mileage rate (Notice 2023-03). The 2023 standard mileage rate is now 65.5 cents per mile….
About Sophia Jorski Hiller, CPA
Posts by Sophia Jorski Hiller, CPA:
Combatting High Inflation with LIFO
Every taxpayer has felt the pain of soaring inflation in 2022 and there are no signs of relief coming soon. Taking advantage of the Last In First Out method (LIFO)…
2022 Charitable Donation Considerations for Individual Taxpayers
With the end of 2022 fast approaching, now is the time to review the rules and planning considerations for charitable donations. This article will help individuals assess the limits and…