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SOCIAL SECURITY WAGE BASE INCREASES FOR 2000.
January 1, 2000... The Social Security Administration announced increases in the wage bases for 2000. The base for the old-age and survivors insurance portion of Social Security and self-employment taxes, as well as the maximum amount of earnings subject to the...
Standard Business Mileage Rate Goes Up.
January 1, 2000... The IRS has increased the optional standard mileage rate for business use of an automobile. Last year, the rate was reduced to 31 cents, but for this year, the rate has been increased to 32.5 cents. The rate for the charitable use of an...
Q & A: Business Use of Your Home--Part I.
January 1, 2000... Recent tax law changes have made using your home office as a place of business easier, but this area of the tax law can be confusing for many people. Here are answers to the most common questions regarding business use of your home.
Q: I...