Do you plan to donate your time to charity? If travel is part of your charitable giving, for example, driving your personal auto to collect donations from local business, you may be able to deduct these travel expenses on your tax return and lower your tax bill. Here are five tax tips you should know if you travel while giving your services to charity.
Beginning on January 1, 2018, the standard mileage rates for the use of a car, van, pickup or panel truck are:
Starting in February 2018, individuals with “seriously delinquent tax debts” will be subject to a new set of provisions courtesy of the Fixing America’s Surface Transportation (FAST) Act, signed into law in December 2015.
If you are living or working outside the United States, you generally must file and pay your tax in the same way as people living in the U.S. This includes people with dual citizenship.