MICHAEL R. MARCUS, CPA

10/01/2026

Wild Card baseball in the Bronx.

07/20/2026

IRS Increases Business Mileage Rate to 76 cents per mile.

The IRS has raised the optional standard mileage rates for the remainder of this year. The reason: recent increases in the price of fuel, as gasoline once again inches close to $4 a gallon amid the renewed fighting between the U.S. and Iran.

The midyear changes to the 2026 standard mileage rates went into effect on July 1.

Optional standard mileage rates are used to calculate the deductible costs of operating vehicles for business, charitable, and medical purposes.

The revised standard mileage rates are:

Business: 76 cents per mile (up from 72.5 cents at the start of this year); and
Medical and moving: 23.5 cents per mile (up from 20.5 cents at the start of 2026).
The mileage rate that applies to the deduction for charitable contributions is fixed under Section 170(i) of the Internal Revenue Code at 14 cents per mile.

The 76-cents-per-mile standard business mileage rate is believed to be an all-time high.

This is the first time since June 2022 that the IRS increased the standard mileage rates during the middle of the year.

04/07/2026

The IRS announced that Employees of the Department of Homeland Security will have until May 15 to file their federal income taxes with the IRS, one month later than the deadline given to most U.S. taxpayers, due to the ongoing DHS shutdown.

The 30-day extension includes penalty and interest relief.

03/29/2026

03/29/2026

My employees already want a break.

01/14/2026

The IRS will begin accepting 2025 individual tax returns on January 26th. Wishing everyone "Happy Returns"
MICHAEL R. MARCUS, CPA M.S. TAXATION, Email [email protected] .com, www.marcuscpa.biz, (201) 803-5257

This website exists to provide clients and potential clients with information concerning my unique, low-pressure approach to personal and professional services.

01/09/2026

IRS announced it will start processing 2025 individual tax returns on January 26th.

01/07/2026

I'm attending the 2026 IRS Criminal Tax update and problem solvers day. Getting ready for the start of tax season.

01/05/2026

The IRS has released the 2026 standard mileage rates. The rates are as follows;
Business Rate Per Mile 72.50 cents
Medical Rate Per Mile 20.50 cents
Charitable Rate Per mile 14.00 cents

The new rates became effective January 1, 2026

12/14/2025

Wishing everyone a happy holiday season