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What is the standard deduction for car mileage?
For tax year 2020, the Standard Mileage rate is 57.5 cents/mile. Carrying through the example above: 5,000 business miles x $0.575 standard rate = $2,875 ...
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How long do you have after your license expires?
Under the law, driver’s licenses shall be valid up to five years, and can be extended to 10 years if the driver hasn’t committed any violations. Can I get...
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Where can I get a copy of my 2018 tax return?
To get a copy of your 2018 tax return that you filed this year, sign back in to your account and see the TurboTax FAQ below for more information: June 21,...
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What online business can I start in 2021?
What is the best online business to start? Dropshipping. A clothing line. Selling art. Curating subscription boxes. Selling handmade goods. Being an affil...
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What payroll taxes are employers responsible for?
An employer’s federal payroll tax responsibilities include withholding from an employee’s compensation and paying an employer’s contribution for Social Se...
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Is installing solar tax deductible?
The simple answer is YES – you can claim tax deductions on the purchase of solar power for a rental income – as it is a capital expenditure and can be cla...
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What are some good exercise questions?
13 top exercise questions answered Why should I do it? Let us count the whys! So if I exercise, I can eat whatever I like? What is strength training and w...
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Can I invest the money in my traditional IRA?
You open a traditional IRA at a brokerage, robo-advisor or bank. If you get one from a broker, you’ll be able to invest in stocks and bonds; IRAs from ban...
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What happens if an IRA is left to an estate?
Once the inherited IRA is set up for the benefit of the estate or trust beneficiary, the IRA can be transferred, via trustee-to-trustee transfer, to this ...
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How do you explain estate planning?
Estate planning is the preparation of tasks that serve to manage an individual’s asset base in the event of their incapacitation or death. The planning in...
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