Tax News & Notables


  • Mileage Rage for business 56 cents.
  • IRS continues to delay publication and forms to be used for filing 2012 tax returns.
  • IRS will not be issuing a refund schedule this year, only stating that most tax payers will receive their refunds via direct deposit within 21 days. This change is due to widespread identity theft and fraud.


  • Mileage Rate for business is 55.5 cents. Depreciation factor is 23 cents.


  • Making Work Pay Credit — has been discontinued
  • Child Tax Credit – Renewed for 2011
  • Mileage Rate for business is 51 cents for Jan-June and 55.5 cents for July-Dec.  Make sure you have mileage totals for each six months.

Tax Sense – Newsletters

Tax Sense January 2013