Chester County News and Community Website
WASHINGTON, D.C. — The Internal Revenue Service is reshaping how millions of Americans calculate driving-related tax deductions in 2026, raising the standard mileage rate for business travel while trimming rates …
IRS Mileage Rates Shift for 2026 as New Car Loan Tax Break Takes Shape Read More WASHINGTON, D.C. — As open enrollment season commences, the Internal Revenue Service (IRS) is urging taxpayers to take full advantage of flexible spending arrangements (FSAs), highlighting the significant tax benefits and …
IRS Urges Taxpayers to Maximize Savings with Flexible Spending Arrangements During Open Enrollment Read More
You can find several ways to make charitable gifts — but if you’re looking for a method that can provide multiple tax benefits, along with an efficient platform for giving …
Donor-Advised Funds: A Smart Way to Give Read More
WASHINGTON, D.C. — As the new academic year approaches, the Internal Revenue Service (IRS) has issued a reminder to educators about the $300 deduction available for classroom expenses in 2024. This …
IRS Reminds Teachers of Deduction for Classroom Expenses in 2024 Read More