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The views and opinions expressed on this site are posted by BPC and are not necessarily reflective of Peoria Public School District 150.
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-Thursday, January 19, 2012
The Internal Revenue Service recently announced the annual Cost-of-Living Adjustments (COLA) for retirement plans and related limitations for the 2012 tax year.
[Read Article]
Mileage Rates Released-Thursday, December 15, 2011
The IRS issued the 2012 standard mileage rate used to calculate the deductible costs of operating an automobile for medical purposes. Beginning on January 1, 2012, the standard mileage rates for the use of a car (also vans, pickups, or panel trucks) will be 23 cents per mile driven for medical purposes. The new medical rate has been reduced by 0.5 cents per mile from the 2011 rate.
[Read Article]
New Limits for Transportation and Adoption-Wednesday, October 26, 2011
The IRS has released the 2012 cost-of-living adjustments (COLAs) for limits relating to qualified transportation fringe benefits and adoption assistance.
[Read Article]
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