2023 Tax Law Changes

65.5 cents per mile for business miles driven
22 cents per mile for medical or moving miles driven
14 cents per mile driven for charitable purposes

FEDERAL STUDENT LOAN DEBT RELIEF: The APPLICATION has been frozen and will not allow new filers. On August 24, 2022, President Biden announced that the federal government would cancel up to $20,000 in student loan debt for eligible debtors. Numerous law suits have been filed to stop the loan cancellation but the government has gone ahead with the official launch of the application. Student loan payments have been deferred until 60 days after the Supreme Court decision or September 1, 203, whichever comes first. E-mail me if you would like more information about Student Loan Debt Relief.

Alaska's minimum wage increases to $10.85 for 2023. It will be adjusted every year for inflation with the new rate being effective on January 1 of each year.