Making Taxes Less Taxing!

Standard Mileage Rates Up For 2011

The standard mileage rate for business use of a car, van, pick-up or panel truck is 51 cents a mile for miles driven during the first six months of 2011 (January through June) and 55.5 cents a mile from July to December. 

Two Extra Days to File and Pay

The due date has been extended to Tuesday, April 17th, to file their 2011 income tax returns and pay any taxes due. This extra time comes as a result of April 15th falling on Sunday and the observation of Emancipation Day, a holiday in the District of Columbia on Monday, April 16.  By law, filing deadlines that fall on D.C. holidays are extended to the next day that is not a Saturday, Sunday, or holiday.

The April 17 deadline also applies to any return or payment normally due on April 15. It also applies to the deadline for requesting a tax-filing extension and for making 2011 IRA contributions.