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Why Make Time for a Mid-Year Financial Checkup.
It There is an antidote to the anxiety and uncertainty that often mounts as the calendar advances through summer, fall, winter...and inevitably, into tax season. It's called the mid-year financial checkup, and it won't require a doctor's visit, just a quick troubleshooting self-exam to confirm you're on the right track financially in key areas like credit rating, debt management, tax liability, and retirement planning.
As 2011 approaches its midpoint, the little bit of time it takes to perform such an exam could save you plenty of money and spare you lots of angst later, says Philip Herzberg, a Miami-based CFP®. "The benefits are plenty, and you can do it more quickly than you might think." Learn More... |
IRS Increases Mileage Rate to 55.5 Cents Per Mile
The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other purposes.
The rate will increase to 55.5 cents a mile for all business miles driven from July 1, 2011, through Dec. 31, 2011. This is an increase of 4.5 cents from the 51 cent rate in effect for the first six months of 2011, as set forth in Revenue Procedure 2010-51. More about Mileage Rate |
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