Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
Your automobile may provide several automobile tax deductions that may lower your income tax. As with all deductions, it’s important to maintain accurate records of your expenses. Record Keeping Keep accurate records of the miles incurred for … [Read more...] about Automobile Tax Deductions
Nonitemizers can claim a deduction The CARES Act makes two significant changes to the rules governing charitable deductions for individuals. Individuals will be able to claim a $300 above-the-line deduction for cash contributions made to public … [Read more...] about New charitable contribution rules
A tax-free way to help your favorite cause Normally, money distributed from an Individual Retirement Account (IRA) is taxable. However, if the funds are donated directly to charity, the distribution is completely tax-free. This is a significant … [Read more...] about Using an IRA to Make Charitable Contributions
