News & Information

IRS Announces 2012 Mileage Rates

Posted: December 12, 2011

On December 9, 2011, the Internal Revenue Service released their optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on January 1, 2012, the standard mileage rates for the use of a car (including vans, pickups and panel trucks) will be:

  • 55.5 cents per mile for business miles driven
  • 23.0 cents per mile for medical or moving purposes
  • 14.0 cents per mile for charitable purposes

Taxpayers have the option of using the optional rates above or actual cost.  Click here for the IRS release.

IRS Extends the Filing Deadline for Taxpayers

Posted January 5, 2012

The filing deadline for tax returns that would normally be due on April 15 has been extended until April 17. The reason for the extension is that April 15th falls on a Sunday and April 16th falls on Emancipation Day, a holiday observed in the District of Columbia.  Just because the deadline has been moved two days, it remains a good idea to file as early in the tax season and not procrastinate.

Click here for the IRS release.

Georgia Sales Tax Rate Change - 1st Quarter 2012

Posted: December 30, 2011

In the State of Georgia, sales tax rates are subject to change quarterly.  Effective January 1, 2012, the sales tax rates in three Georgia counties changed:

  • 063-Glynn decreased 1% from 3% and is now 2%
  • 066-Greene decreased 1% from 3% and is now 2%
  • 155-Whitfield decreased 1% from 2% and is now 1%

To visit the Georgia sales tax website for rates and other information, click here.