4U Financial Services LLC

01/04/2023

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 65.5 cents per mile driven, up 3 cents from a rare midyear increase in 2022. The increased rate was effective as of Jan. 1, 2023 (Notice 2023-03).

The notice sets the 2023 standard mileage rates at 22 cents per mile driven for medical or moving purposes for qualified active-duty members of the armed forces This is the same as the higher midyear rate for the second half of 2022.

The rate per mile driven in service of charitable organizations is 14 cents, which is set by statute and unchanged from 2022.

Call Laura A Goldberg, CPA for all your tax needs (609) 760-5961

12/02/2021

I really miss seeing this house during Hanukkah. I never knew the story. It was amazing to see in person.

'You shouldn't have trouble finding the house - it's pretty noticeable," Flo Weinstein tells a potential visitor, in a classic case of understatement.

03/02/2018

No Need to make an appointment. Gather your tax information scan & send to us via email or fax. We will prepare and E-File your return after we send you a digital return and Form 8879 (authorization) to file your return.

Our rates are reasonable.

03/02/2018

IRS releases updated withholding calculator and 2018 Form W-4

https://www.irs.gov/pub/irs-pdf/fw4.pdf

The IRS has completed updating its online withholding calculator that individual taxpayers can use to determine how many withholding allowances they should claim for 2018. The IRS also issued a new 2018 Form W-4, Employee’s Withholding Allowance Certificate. The IRS had previously announced that taxpayers could use the old 2017 Form W-4, as modified in Notice 2018-14, until 30 days after the new form was issued.

The calculator and new Form W-4 are designed to implement changes made by P.L. 115-97, known as the Tax Cuts and Jobs Act, which increased the standard deduction, removed personal exemptions, increased the child tax credit, limited or discontinued certain deductions, and changed the tax rates and brackets, among many other changes.

Contact us for all your tax needs.