What is the Current Mileage Reimbursement Rate?

What is the Current Mileage Reimbursement Rate?

The information in this article is up to date for tax year 2025 (returns filed in 2026). Looking for what is the current mileage reimbursement rate for 2025? For business use, it’s 70 cents per mile. For medical or moving purposes, it’s 21 cents per mile, and for...
Is Credit Card Interest Tax Deductible?

Is Credit Card Interest Tax Deductible?

Is credit card interest tax deductible? Generally, the interest you pay on personal credit card debt cannot be deducted from your taxes. However, if the interest is from business-related expenses, it can be. This article explains the specifics of when and how credit...
10 States That Don’t Tax Retirement Income

10 States That Don’t Tax Retirement Income

The information in this article is up to date for tax year 2024 (returns filed in 2025). Retirement is supposed to be a time to relax and enjoy life, not stress over taxes. If you’re looking to stretch your savings further, moving to a state that doesn’t...