In an unusual move, the IRS has made a midyear increase in the standard mileage rate for business vehicle use. Also rising is the standard mileage rate for qualifying medical care and eligible moving expenses for certain individuals. Here are the rates now in effect through December 31, 2026.

Being a limited partner in a business generally offers liability protection and potential self-employment tax advantages. But it may also trigger the passive activity loss (PAL) rules, which can limit loss deductions for federal income tax purposes. We explain what to know before investing or filing a return reporting partnership losses.

For today's employers, unemployment taxes and claims costs may seem unavoidable. You know what: That's probably true. But they're not uncontrollable. Organizations can make strategic decisions and investments to lower these costs. We explore some realistic strategies for reducing avoidable exposure.