Bruce Walter (Keller Williams Realty Lafayette/West Lafayette, Indiana)

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Rainmaker
1,332,331
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

My CPA reads IRS announcements for me, so  I can focus on Real Estate, but thanks for sharing the great news.
My expanded answer below in my reply to you...

Jun 11, 2022 08:17 AM
Rainmaker
515,521
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

At the rate gas prices are escalating they should push that rate up even more by the end of the year!

Jun 11, 2022 10:22 AM
Rainmaker
931,757
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Glad they are offsetting this  3 ring circus somehow . . . LOL

Jun 11, 2022 10:19 AM
Ambassador
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Once an educator, always an educator.  I appreciate your sharing this information, Bruce Walter 

CPA's are people too. After my CPA of 100 years sold his business and retired, the person who bought the business was an A$$ Hat. That sent me looking for a new CPA who turned out to be a complete idiot. 

I now once again am working with a true professional CPA. It is a father-daughter team. I am confident with their knowledge and appreciate their service. 

Jun 11, 2022 10:19 AM
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Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Bruce this seems like small potatoes in comparison to the high gas prices that are continuing to escalate.  Please make them stop!   Please!

Jun 11, 2022 10:50 AM
Rainmaker
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Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good for them. What stays in hip national bank  (our pockets) is most important

Jun 11, 2022 09:29 AM
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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Good to know Bruce, thanks for sharing this information!

Jun 11, 2022 08:19 AM
Rainer
296,291
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

Good information.  I'll make sure to put a note of the date in my log that it goes up.

Jun 11, 2022 11:32 AM
Rainmaker
558,842
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I had not read this about the IRS ... however this is good to know. Thank you!  I appreciate knowing about these things!

Jun 11, 2022 10:08 AM
Rainmaker
987,580
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

News to me. I use the actual cost of gas to me as the business cost that I use for tax purposes, so the change makes no matter to me.

Jun 11, 2022 05:28 PM
Rainmaker
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Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

I did not. Thank you for sharing. That's good news for a change.

Jun 11, 2022 10:16 AM
Rainmaker
4,459,732
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Gas up 50% and moving on up with no end in sight. And the IRS gives another 4 cents a mile. Not close but then again it is government work.

Jun 12, 2022 04:30 AM
Rainmaker
2,677,058
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Every time the government has a problem, they raise rates, tax etc. and the poor and middle class suffer unduly. Proper management would eliminate the problem to begin with. Cut costs! Reduce pensions!  Eliminate waste. Reduce thieving. Eradicate overtime and get people involved that can balance a budget. BTW...if you saw the billions of dollars that go for nonsense, favors & "I scratch your back you scratch mine" dynamics you would be sick. Why is everyone in congress at least a millionaire? 

Jun 11, 2022 02:14 PM
Rainmaker
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I had not heard this until now... but I'm certain our accountant is very aware. Thanks for the heads-up. Not sure at the end of the day that this will make a serious impact on my tax bill! Certainly not as much as the cost of gas has made on my expenses. :)

Jun 12, 2022 05:36 AM
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Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I did not read that but I find it funny that they give a little in order to help people accept the overwhelming amount that they take.

Jun 12, 2022 04:49 AM
Rainmaker
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Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

Good to know & thanks for the info. I'll take it!

Jun 11, 2022 11:55 AM
Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

No actually we’ve had several Tax Years where milage was increased mid-way in a Tax Year to reflect rising oil prices. But glad they did it again

Jun 12, 2022 05:37 PM
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Thank you for the information. I hadn't seen this before. I also thought it was odd that it had been reduced last year.

Jun 12, 2022 05:57 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Glad to hear this.

Jun 11, 2022 08:41 PM
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Good to know, I had not heard.

Jun 11, 2022 05:28 PM
Rainmaker
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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

That should help a little bit, not much.

Jun 13, 2022 01:08 PM
Rainmaker
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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

That was very confusing the 1st time through Bruce Walter but I'm sure my CPA will deal with it just fine. 

Jun 13, 2022 08:14 AM
Rainmaker
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Did not know.  That is good news.

Jun 12, 2022 10:17 PM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thinking my CPA knows this....

Jun 12, 2022 07:18 AM
Rainmaker
682,189
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Do we have to disclose if we drive an EV?

Jun 16, 2022 10:31 PM