Richmond VA Accounting Services Blog | Rue & Associates

Blog

07
Mar

How Americans Are Using Their Tax Refunds

For many Americans, an annual check from Uncle Sam offers a rare opportunity to better their financial footing, and fewer adults these days want to blow it on an excursion. On average, taxpayers expect to receive $3,030 back from the …

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28
Feb

Deducting Business Use of a Vehicle

If you use the car for both business and personal purposes, you may deduct only the cost of its business use. You can generally figure the amount of your deductible car expense by using one of two methods: the standard …

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23
Feb

The Rules of Credit Card Rewards and Taxes

Whether or not credit card rewards are taxable depends on how you earned them. Here’s a look at the rules surrounding rewards and taxes. Earning points, miles and cash back: If you have a credit card that offers 2 percent back …

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21
Feb

US Corporate Tax Rates Compare Globally

The tax reform package that became law late last year had substantial impacts on American taxpayers. Major changes to the standard deduction, various credits and itemized deduction provisions, and individual tax rates left many people confused about whether they’d end up …

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19
Feb

High-Income Retirees Tax Rates May Be Higher Than Expected

Though high-income retirees are looking forward to lower taxes once they’ve exited the workplace, they can still expect to pay stealth taxes in the form of Social Security income levies and higher Medicare premiums. Their tax bracket may go from …

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