Donate via your IRA With the larger standard deduction amounts beginning this year, many people could lose the tax benefit of making charitable contributions. To reduce tax liability, certain taxpayers could use a qualified charitable distribution … [Read more...] about Charitable Contributions
Download our Home Office Tax Tips Brochure Calculating Home Office Deductions The business use percentage is calculated by dividing the square footage of the dedicated space by the total amount of usable space of the home. This will give a … [Read more...] about Home Office Tax Tips
Your automobile may provide you with 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 … [Read more...] about Automobile Tax Deductions
As you settle into your new life as a married couple, consider these Newlywed Tax Tips. Marriage impacts your taxes be ready for April 15th. Immediate changes aid in a less stressful tax season. The biggest change is your marital status. … [Read more...] about Newlywed Tax Tips
As a tax preparer the inevitable question comes up as I meet with clients, “Why can’t I deduct that?” Sometimes there is an easy answer, other times it tends to be more complicated. A simple answer is that deductions are often tied to a specific … [Read more...] about Can I Deduct that?