Standard Mileage Rates The standard mileage rate in 2020 is 57.5 cents per business mile driven. Health Care Tax Credit for Small...

Coverdell Education Savings Account You can contribute up to $2,000 a year to Coverdell savings accounts in 2020. These accounts can be...

Adoption Credit In 2020 a nonrefundable (i.e., only those with tax liability will benefit) credit of up to $14,300 is available for...

Personal Exemptions Personal exemptions are eliminated for tax years 2018 through 2025. Standard Deductions The standard deduction for...

The Internal Revenue Service wants working grandparents raising grandchildren to be aware of the Earned Income Tax Credit (EITC) and...

Coming Soon!