Tax tips are now available online using your iPhone or Droid. Thanks to an article entitled “Using Social Media To Get Tax Information” on Boston.com, here is a list of online resources available from both the Internal Revenue Service website and social media portals that can be useful not just during tax season but throughout the calendar year. The article at Boston.com lists resources that are accessible from either your desktop computer or mobile phone. In fact, IRS2Go is a mobile app for both Apple and Android users. It provides personal tax refund information and other tax tips and tax-related information.
The Internal Revenue Service (IRS) has increased the optional standard mileage rates for 2011. These optional rates can be used to calculate deductible costs of operating an automobile for either business or other uses instead of reporting actual travel-related costs. Charitable mileage rates remain at the current 14 cents a mile in 2011. The table below summarizes the increases for this year.
|IRS Standard Mileage Rates in 2011|
|Jan 1 - June 30||July 1 - Dec 31|
|Business||51 cents||55.5 cents|
|Medical/Moving||19 cents||23.5 cents|