News
| Business Mileage For 2008, the standard mileage rate for business miles driven is 50.5 cents per mile. For 2007, the standard mileage rate for business miles driven was 48.5 cents per mile. |
| Charitable Mileage For 2008, the rate for miles driven in service to a charitable organization is 14 cents per mile. For 2007, the rate was also 14 cents per mile. |
| Medical or Moving Mileage For 2008, the rate for miles driven for medical or moving purposes is 19 cents per mile. For 2007, the rate was 20 cents per mile. |
| Social Security Wage Base The wage base for withholding and paying Social Security taxes in 2008 is $102,000. For 2007, the amount was $97,500. |
| Section 179 Deduction The maximum section 179 deduction for tax years beginning in 2007 is $125,000. For tax years beginning in 2006 the amount was $108,000. Some new limits may apply to vehicles placed in service after October 22, 2004. Consult your tax advisor for more information. |
| Employer
Identification Numbers Online Employer ID numbers can now be obtained online. Click here... |
| Refund Status Online If you are expecting a refund, the IRS allows you to check the status of your refund online. Click here to go to the IRS website. |
| Employers Effective 10/1/98, all Texas employers are required to report new hire information to the State Directory of New Hires. You may contact the Texas Employer New Hire Operations Center at 1-888-839-4473 or visit their website by clicking here. |
| Working Families Tax
Relief Act of 2004 Select one of the following for an overview of provisions in the new act. Information for Individuals Information for Businesses |
| American Jobs
Creation Act Select one of the following for an overview of provisions in the new act. Information for Individuals Information for Businesses |
| Jobs and Growth Tax
Relief Reconciliation Act of 2003 Click here for an overview of changes in the new act. |