IRS Mileage

June 23, 2011: IRS Increases Mileage Rate to 55.5 Cents per Mile. The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other purposes. For more info, visit this link

 

Tax Credit

For the tax year 2010, some parishes and/or church-sponsored programs may qualify for the Small Business Health Care Tax Credit. For more information, please see the Church Medical Trust Q&A in the attached document.

Download the Q&A

 
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