Tax deductions

Tax columnists George Jones and Mark Luscombe of Wolters Kluwer put together a list of important changes from this year that will carry over into the next.

For 2017, carryover from 2016 not only includes the usual reporting and compliance issues related to the tax year just ending, but also those tax changes and issues begun in 2016 that are by no means finished at year's end.

As the end of the year approaches, many of us are focused on taking advantage of tax break opportunities before another year begins.

The IRS's annually updated standard mileage rates for deducting costs of operating an automobile come with some important rules.