Latest Newsletter Some Refunds Delayed in 2017December 1, 2016A new law requires the IRS to hold refunds until mid-February in 2017 for people claiming the Earned Income Tax Credit or the Additional Child Tax Credit. In addition, new identity theft and refund fraud
2017 Standard Mileage Rates Beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
53.5 cents per mile for business miles driven, down from 54 cents for 2016
17 cents per mile driven for medical or moving purposes, down from 19 cents for 2016
14 cents per mile driven in service of charitable organizations
The business mileage rate decreased half a cent per mile and the medical and moving expense rates each dropped 2 cents per mile from 2016. The charitable rate is set by statute and remains unchanged. ITIN Filers Many ITINs Expire Jan. 1; Renew Now to Avoid Refund Delays, IRS Says IR-2016-173, Dec. 21, 2016 — Time is running out for many ITIN holders who need to file a federal income tax return in 2017 and want to avoid a long wait for a refund, according to the IRS. Under the PATH Act, taxpayers who have not used an ITIN on a tax return in the last 3 years or those with the middle digits of 78 and 79 must renew their ITIN before filing a 2016 tax return. The renewal period begins October 1, 2016.