The value of the ERTC has increased. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 passed in December 2020, increased the value of the ERTC for wages paid from January 1, 2021 through June 30, 2021 from 50 percent to 70 percent of qualified wages and later extended to 12/31/21 through the American Rescue..
Month: July 2022
IRS increases mileage rate for remainder of 2022
IR-2022-124, June 9, 2022 WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes. For the final 6 months..