No Double Dipping for Vehicle Expenses

If you use your vehicle for business driving, you have a choice in how to handle your expenses. You can deduct your actual costs, including an allowance for depreciation (up to certain dollar limits) if you own the vehicle or your lease payments if you lease it. Or you can rely on an IRS-set mileage…

Social Security Changes for 2019

More than 62 million Social Security beneficiaries will receive a cost-of-living adjustment (COLA) of 2.8% starting with the December 2018 benefits, which are payable in January 2019. This COLA adjustment is higher than the 2% increase last year (Social Security Administration Press Release and Fact Sheet, 10/11/18; https://www.ssa.gov/news/press/factsheets/colafacts2019.pdf). However, for many Social Security recipients, the…