2017 Standard Mileage Rates

  • 53.5 cents per mile for business miles driven
  • 17 cents per mile driven for medical or moving purposes
  • 14 cents per mile driven in service of charitable organizations

 

Reminder to Employers: Year end payroll tax forms are due in January

Reminder: Form 1099s are due either January 31st or February 28th

 

If you have a child in college, you may be eligible to claim the American Opportunity credit on your 2016 income tax return. If, however, your income is too high, you won’t qualify for the credit — but your child might. There’s one potential downside: If your dependent child claims the credit, you must forgo your dependency exemption for him or her. And the child can’t take the exemption.

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339 West Governor Road  •  Suite 202  •  Hershey, PA 17033

Phone: (717) 533-5154  •  Toll-Free (888) 277-1040

Fax: (717) 533-1442  • info@smokersmith.com