Month: December 2016

Effective December 11, 2016, the Maine State Housing Authority has issued a rule for a tax credit (up to $9,000) for expenses incurred for modifications made to a home to make it accessible to an individual with a disability who lives or will live in the home. This will be available for taxpayers whose federal…

Beginning on Jan. 1, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 53.5 cents per mile for business miles driven, down from 54 cents 17 cents per mile driven for medical or moving purposes, down from 19 cents 14 cents per mile driven in service…

On Tuesday, November 22, 2016, a federal judge temporarily blocked the new overtime pay rule that was to go into effect December 1, 2016. What does this mean? Employers currently do not need to comply by the original December 1 effective date. The injunction is temporary pending further review of the court. We will keep…

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