January 2020 - Rausa, Barlotta & Associates, PA

Cents-Per-Mile Rate For Business Miles Decreases Slightly For 2020

January 21, 2020

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-half cent, to 57.5 cents per mile. As a result, you [...]

Help Protect Your Personal Information By Filing Your 2019 Tax Return Early

January 16, 2020

The IRS announced it is opening the 2019 individual income tax return filing season on January 27. Even if you typically don’t file until much closer to the April 15 deadline (or you file for an [...]

4 New Law Changes That May Affect Your Retirement Plan

January 9, 2020

If you save for retirement with an IRA or other plan, you’ll be interested to know that Congress recently passed a law that makes significant modifications to these accounts. The SECURE Act, [...]